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QUESTION 9 Suppose payments will be made for 4 years at the end of each semiannual period into an ordinary annuity earning interest at the

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QUESTION 9 Suppose payments will be made for 4 years at the end of each semiannual period into an ordinary annuity earning interest at the rate of 8.5%/year compounded semiannually. If the present value of the annuity is $40.000. what should be the size of each payment? Round your answer to the nearest cent. a. R= $5.498.53 b. R = 55,441.18 Oc. R = 55.403.70 O d. R = $5.417.65

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