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You have decided to denote a new racing shell to BU crew 7 years from today. The boat builder has offered to allow you to

You have decided to denote a new racing shell to BU crew 7 years from today. The boat builder has offered to allow you to pay the shell in 5 annual payments of $12,000 and the payments will begin 7 years from today. If the interest rate is 4% what is the PV today of your planned shell donation?

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