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1. $900 paid at the beginning of each 6 months period for 4 years at the rate of 7% compounded semiannually. The present value is

1. $900 paid at the beginning of each 6 months period for 4 years at the rate of 7% compounded semiannually.

The present value is $ .

2. $450 paid at the beginning of each month for 8 years at the rate of 2% compounded monthly.

The present value is $ .

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