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Nancy Hernandez invested$5500twice a year in an annuity due at Capital Appreciation, Inc. for a period of5years at an interest rate of8% compounded semiannually. Using
Nancy Hernandez invested$5500twice a year in an annuity due at Capital Appreciation, Inc. for a period of5years at an interest rate of8% compounded semiannually.
Using theordinary annuity table, calculate the total value of the annuity due at the end of the5-year period.
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