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Calculate the present value of the ordinary annuity described below. For full marks your answer(s) should be rounded to the nearest cent. PV Periodic Payments

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Calculate the present value of the ordinary annuity described below. For full marks your answer(s) should be rounded to the nearest cent. PV Periodic Payments Payment Interval Term $100.00 Every half year 11 years, 6 months Interest Rate Compounding Frequency 8.50% Semi-annually 0.00

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