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You just won a contest. The prize is a lump sum payment of $ 6 3 , 1 6 0 , however, you will not

You just won a contest. The prize is a lump sum payment of $63,160, however, you will not receive this payment for 30 years. Compute the present value of your prize assuming a discount rate of 11 percent per annum.
Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.
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