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(1 point) How much do you need to invest semiannually into an ordinary annuity earning an annual interest rate of 6.98% compounded semiannually so that

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(1 point) How much do you need to invest semiannually into an ordinary annuity earning an annual interest rate of 6.98% compounded semiannually so that you will have $8,373.91 after 12 years? (Note: Your answer is a dollar amount and should include a dollar sign)

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