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Paul Havlik promised his grandson Jamie that he would give him $8,300 7 years from today for graduating from high school. Assume money is worth

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Paul Havlik promised his grandson Jamie that he would give him $8,300 7 years from today for graduating from high school. Assume money is worth 6% interest compounded semiannually. What is the present value of this $8,300? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. Present value $ 5,487.28 X

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