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Paul Havlik promised his grandson Jamie that he would give him $7,700 5 years from today for graduating from high school. Assume money is worth

Paul Havlik promised his grandson Jamie that he would give him $7,700 5 years from today for graduating from high school. Assume money is worth 8% interest compounded semiannually. What is the present value of this $7,700? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

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