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You have started a job with an annual salary of $48,000. You will get your paycheck at the end of each month, and your deductions

You have started a job with an annual salary of $48,000. You will get your paycheck at the end of each month, and your deductions for will be 34%. Using a monthly discount rate of 1.0 %, what is the present value of the take home pay for the entire year?

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