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QUESTION

An investment offers $6570per year for 7 years, with the first payment occurring one year from now. If the required return is 7%, what is the value

An investment offers $6570per year for 7 years, with the first payment occurring one year from now. If the required return is 7%, what is the value of the investment?

Do not round intermediate calculations.

Round your answer to the nearest penny.

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