Calculate the amount he should pay for this annuity

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Reference no: EM132020293

Mr. Smith has found an ordinary annuity that promises to pay $10,000 at the end of each of the next 10 years. The required rate of return on the investment is 15%. Calculate the amount he should pay for this annuity (present value). (Round to 2 decimals)

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Reference no: EM132020293

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