An investment is expected to generate 10 annual cash flows of $2472 per year, starting...
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An investment is expected to generate 10 annual cash flows of $2472 per year, starting in exactly two years. There is an additional cash flow of $2821 expected in exactly 13 years. If the appropriate annual interest rate is 5%, compounded annually, what would you expect someone to pay for this investment today? [Keep at least 3 decimal places for all intermediate steps. Express your final answer with 2 decimal places.
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