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You will receive a series of $1,231 payments, annually, beginning exactly 9 years from today, for a total of 10 payments. The relevant interest rate

You will receive a series of $1,231 payments, annually, beginning exactly 9 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 8% (as an EAR). What is the present value today (year 0) of this series of payments?

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