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At the beginning of each period for 11 years, Merl Agnes invests $470 semiannually at 4%. What is the cash value of this annuity due

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At the beginning of each period for 11 years, Merl Agnes invests $470 semiannually at 4%. What is the cash value of this annuity due at the end of year 11? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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