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You have just been notified that you will receive $6,750 a year for the next 15 years from an inherited trust. If the interest rate

You have just been notified that you will receive $6,750 a year for the next 15 years from an inherited trust. If the interest rate is 6 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer as a positive number rounded to 2 decimal places.)

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