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A deferred annuity will pay you 100.000 at the end of each year for 20 years, however the first payment will not be made until

A deferred annuity will pay you 100.000 at the end of each year for 20 years, however the first payment will not be made until four years from today. What is the value of this deferred annuity today if the interest rate is 20 percent, compounded semiannually? need help

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