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E1-19 - What is the present value (PV) of the following investments? Payment $250 semiannually starting semiannual 1 for 10 years. Interest Rate is 6%

E1-19 - What is the present value (PV) of the following investments? Payment $250 semiannually starting semiannual 1 for 10 years. Interest Rate is 6% per year compounded semiannually.

The correct answer is $3,703.79. How do you get this?

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