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Find the present value of the following ordinary annuity. Periodic Payment Term Interest Rate Payment Interval $2400 1 year 7 years 11% Conversion Period semi-annually

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Find the present value of the following ordinary annuity. Periodic Payment Term Interest Rate Payment Interval $2400 1 year 7 years 11% Conversion Period semi-annually The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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