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Ali won a lottery that would pay him $39,000 in 1 years and $13,600 in 5 years. The lottery company had another option where he

Ali won a lottery that would pay him $39,000 in 1 years and $13,600 in 5 years. The lottery company had another option where he could get an upfront amount now and another $5,900 in 2 years.

Calculate the upfront amount that he would receive now from the second option, assuming that money is worth 5.00% compounded semi-annually.

Round to the nearest cent

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