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Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 5th month.

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Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 5th month. What is the present value, assuming a rate of 4%, compounded semi-annually? A $2,160.06 ( $2,152.48 C $2,254.09 D $2,348.97

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