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Find the present value of the following ordinary annuity. Periodic Payment Term Payment Interval $2200 6 months Interest Rate Conversion Period quarterly 8 years 5%

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Find the present value of the following ordinary annuity. Periodic Payment Term Payment Interval $2200 6 months Interest Rate Conversion Period quarterly 8 years 5% 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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