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2. Find the present value of an annuity which pays $5000 at the end of each six month's for eight years. The rate of interest

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2. Find the present value of an annuity which pays $5000 at the end of each six month's for eight years. The rate of interest is 6.5% per each six months converted semi annual?.* (2 Points) $ 48,838.82 $ 47,838.82 $46,838.82 $49,838.82 non of the above

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