Question: Jane Frost wants to receive yearly payments of $26,000 for 8 years. How much must she deposit at her bank today at 10.5% interest

Jane Frost wants to receive yearly payments of $26,000 for 8 years.

Jane Frost wants to receive yearly payments of $26,000 for 8 years. How much must she deposit at her bank today at 10.5% interest compounded annually? (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value

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