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Adam is planning on investing $ 1 , 7 0 0 on June 3 0 th , first payment is 6 months from today, and

Adam is planning on investing $1,700 on June 30th, first payment is 6 months from today, and December 31st each year for the next 10 years. The investment will return 4% interest per year. Interest is compounded semi-annually. What is the present value of this investment as of today January 1st.
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$33,104
$28,289
$29,450
$27,046
$27,797

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