Question: Problem 9 - 1 3 Present value [ LO 9 - 3 ] You have just been notified that you will receive $ 9 ,

Problem 9-13 Present value [LO9-3]
You have just been notified that you will receive $9,000 a year for the next 20 years from an inherited trust. If the interest rate is 8 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer as a positive number rounded to 2 decimal places.)

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