Question: A security promises to pay you $58 every year for 30 years, at the end of year 30 it will pay you $1000. How

A security promises to pay you $58 every year for 30 years,

A security promises to pay you $58 every year for 30 years, at the end of year 30 it will pay you $1000. How much are you willing to pay of it if your required return is 7%? Please keep two decimal places.

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