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Wilbur and Wilma sign a contract that stipulates they will receive 27 annual payments of $22,500 in exchange for their attendance at college sporting events.

Wilbur and Wilma sign a contract that stipulates they will receive 27 annual payments of $22,500 in exchange for their attendance at college sporting events. The first payment will be received 7 years from today and the interest rate is 5.1 percent. What is the value of the payments today

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