Question: If the appropriate interest rate is 8%, then present value of $500 paid at the beginning of each of the next 40 years is: (Please

If the appropriate interest rate is 8%, then present value of $500 paid at the beginning of each of the next 40 years is:

(Please write numbers only, no "$", no ",", round to the dollar, no decimal. i.e. write $1,234.56 as 1235)

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