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Calculate NPV of an annuity where the annual rate of return is 4% but is compounded semi-annually and the payments every 6months are $2000. Assume

Calculate NPV of an annuity where the annual rate of return is 4% but is compounded semi-annually and the payments every 6months are $2000. Assume this lasts for 2 years.

a. 7615.40

b. 3883.20

c. 3772.20

d. 7259.8

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