Related to Checkpoint 6.5)

{Related to Checkpoint 6.2] [Present value of an ordinary’ annuity) What is the present value of $3,500 per year for 8 years discounted back to the present at 10
percent? The present value of $3,500 per year for 8 years discounted back to the present at 10 percent is $ , (Round to the nearest cent)

 
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