What is the present value of the following annuity? $889 every year at the end of the year for the next 4 years, discounted back to the present at

What is the present value of the following annuity?$889 every year at the end of the year for the next 4 years, discounted back to the present at 6.23 percent per year, compounded annually?Round the answer to two decimal places.Please explain how to solve this. Thank you

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