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Investment X offers to pay you $6646 per year for 5 years. Calculate the present value for Investment X if the discount rate is 6 percent.

(Round time value factors to 6 decimal places and final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign and commas in your response. For example, $123,456 should be entered as 123456.)

Financial Management, Finance

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