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Find the present value of an ordinary annuity with deposits of $19,864 every6months for 6 years at 8.4% compounded semiannually. What is the present value?

Find the present value of an ordinary annuity with deposits of

$19,864 every6months for 6 years at 8.4% compounded semiannually.

What is the present value?

(Round to the nearest cent.)

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