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In a series of semi-annual payments of P14,031 each, the first payment is due at the beginning of 4 years and the last at the

In a series of semi-annual payments of P14,031 each, the first payment is due at the beginning of 4 years and the last at the end of 12 years and 6 months. If money is worth 7% compounded semi-annually, find the present value of the deferred annuity. MANUAL SOLUTION PLS

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