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You've just been awarded a disability pension that will pay you $3860 annually forever. If the discount rate is 14%, what is the present value

You've just been awarded a disability pension that will pay you $3860 annually forever. If the discount rate is 14%, what is the present value of this pension? Enter your answer in dollars, rounded to the nearest cent.

Answer is 27571.43. I just need work and an explanation. Preferably, in EXCEL spreadsheet. Thank you

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