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Suppose the interest rate is 10.1% APR with monthly compounding. What is the present value of an annuity that pays $110 every 6 months for

Suppose the interest rate is 10.1% APR with monthly compounding. What is the present value of an annuity that pays $110 every 6 months for 4 years? The 6?-month effective interest rate is __...

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