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What is the value today of a money machine that will pay $1,436.00 per year for 16.00 years? Assume the first payment is made one

What is the value today of a money machine that will pay $1,436.00 per year for 16.00 years? Assume the first payment is made one year from today and the interest rate is 10.00%.

Answer format: Currency: Round to: 2 decimal places.

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