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What is the value today of a money machine that will pay $3,054.00 per year for 11.00 years? Assume the first payment is made one

What is the value today of a money machine that will pay $3,054.00 per year for 11.00 years? Assume the first payment is made one year from today and the interest rate is 13.00%.

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

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