What is the present value per year at a discount rate

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Reference no: EM131911622

What is the present value of $2,525 per year, at a discount rate of 8 percent, if the first payment is received 6 years from now and the last payment is received 27 years from now?

(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131911622

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