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A 3 - year annuity of six 5 , 0 0 0 semi - annual payments will begin 1 0 years from now, with the

A 3-year annuity of six 5,000 semi-annual payments will begin 10 years from now, with the first payment coming 10.5 years from now. If the discount rate is 10 per cent compounded monthly, what is the current value of the annuity?
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