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Your firm spends $4,500 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.53% per month, what is

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Your firm spends $4,500 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.53% per month, what is the present value of eliminating this cost by sending the statements electronically? This cost has a present value of $ (Round to the nearest dollar.)

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