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A company will be paid $4,900 every 6 months for 4 years starting today. If a 6% rate is implied, how much is this payment

A company will be paid $4,900 every 6 months for 4 years starting today. If a 6% rate is implied, how much is this payment plan worth in todays dollars (assume semiannual compounding)? (Ch6)

	$17,998
	$16,979
	$35,428
	$34,396

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