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Suppose that your bank pays 10% interest, compounded semiannually. Find how much should be deposited now to yield an annuity payment of $400 at the

Suppose that your bank pays 10% interest, compounded semiannually. Find how much should be deposited now to yield an annuity payment of $400 at the END of every six months, for 4 years. $1,267.95 $1,856.40 $2,585.28 $3,819.64

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