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What is the value today of receiving $2,575.00 per year forever? Assume the first payment is made 8.00 years from today and the discount rate

What is the value today of receiving $2,575.00 per year forever? Assume the first payment is made 8.00 years from today and the discount rate is 4.00%. Submit Answer format: Currency: Round to: 2 decimal places.

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