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You have just been notified that you will receive $9.000 a year for the next 20 years from an inherited trust. If the interest rate

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You have just been notified that you will receive $9.000 a year for the next 20 years from an inherited trust. If the interest rate is 11 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.) Book P

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