Question: What is the present value of $ 2 , 1 2 4 that will be paid in 1 9 years at 6 . 1 %

What is the present value of $2,124 that will be paid in 19 years at 6.1% interest?
Round to the nearest cent (2 places to the right of the decimal). Answer in dollars (do not include the $ sign).

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