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5. You inherit an annuity that pays $250 at the end of every 6 months for 10 years, with the first payment 2 years from

5. You inherit an annuity that pays $250 at the end of every 6 months for 10 years, with the first payment 2 years from now. Assuming an effective annual interest rate of 9%, determine the present value of this annuity

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