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MOX Insurance Co. is selling an insurance policy that pays $3,000 every 2 weeks forever with the first payment starting 20 weeks later from now.

MOX Insurance Co. is selling an insurance policy that pays $3,000 every 2 weeks forever with the first payment starting 20 weeks later from now. The interest rate is 7.8% compounded bi-weekly. What is value of the insurance policy six weeks later from today? (10 points)

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