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You have been offered an investment opportunity that will pay you and your heirs a fixed, periodic payment of $700 indefinitely. If you could earn

You have been offered an investment opportunity that will pay you and your heirs a fixed, periodic payment of $700 indefinitely. If you could earn 8.9% APR on an investment of similar risk, what is the value today of this investment opportunity? Enter you answer as a number with 2 decimal places of precision (i.e. 1.23).

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