A city engineer has estimated the annual tollrevenues from a newly proposed highway construction over 25 years as follows:An = (2,500,000)(n)(1.08)n - 1n = 1, 2, c , 25To validate the bond, the engineer was asked to presentthe estimated total present value of toll revenue at aninterest rate of 8%. Assuming annual compounding,find the present value of the estimated toll revenue

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