I need help on how to solve these problems.

Please give a detailed explanation.

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Question 23 (3.4 points) What is thc present value of 41 annual payments of $ 3.969 cach with thc first payment being reccivcd immcdiatcly? Assumc you can invest money at a 10% statcd ratc with semi-annual compounding. Round your answer to 2 decimal places and record without a dollar sign and without commas. Your Answcr: Answer o