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You expect to receive 74 annual payments of $549 with the first payment to be received 9 years from today. Using an interest rate
You expect to receive 74 annual payments of $549 with the first payment to be received 9 years from today. Using an interest rate of 8.2% per year, what is the present value (i.e., the value today) of these payments? Express your answer rounded to the NEAREST DOLLAR (i.e., your answer should be an integer. Do not include a dollar sign when entering your answer).
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