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What is the value today of a money machine that will pay $ 1 , 1 2 0 . 0 0 per year for 1

What is the value today of a money machine that will pay $1,120.00 per year for 17.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 15.00%.
Answer format: Currency: Round to: 2 decimal places.

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