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Jenna deposits $480 on the first day of each semiannual period. Kevin deposits $480 on the last day of each semiannual period. Both will continue

Jenna deposits $480 on the first day of each semiannual period. Kevin deposits $480 on the last day of each semiannual period. Both will continue to make these deposits regularly for the next 7 years.

At a 5.1 percent annual discount rate, what is the difference in the present value of these two sets of payments?

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