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Your company is scheduled to earn a stream of royalty payments from a distributor in the amount of $400 per month (NOT $4,800 per year

Your company is scheduled to earn a stream of royalty payments from a distributor in the amount of $400 per month (NOT $4,800 per year but rather $400 per month) for the next 7 years. If the company earns 8.25% per year on its money, what is this total royalty stream worth to the company today?

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