Question: Problem 9 - 1 5 Present value [ LO 9 - 3 ] Sherwin Williams will earn $ 2 1 , 0 0 0 a

Problem 9-15 Present value [LO9-3]
Sherwin Williams will earn $21,000 a year for the next 15 years for a picture he has painted. At an interest rate of 11 percent, how much are the earnings worth today? (Enter your answer as a positive number rounded to 2 decimal places.)

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