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Find the present value of an ordinary annuity with deposits of $ 2 0 , 1 2 5 every 6 months for 9 years at

Find the present value of an ordinary annuity with deposits of $

20, 125

every

6

months for

9

years at

4.4 %

compounded semiannually.

What is the present value?

(

Round to the nearest cent.

)

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