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Suppose the interest rate is 7.7% APR with monthly compounding.What is the present value of an annuity that pays $100 every sixmonths for five ?years?

Suppose the interest rate is 7.7% APR with monthly compounding.What is the present value of an annuity that pays $100 every sixmonths for five ?years? ?(Note: Be careful not to round anyinterme 2 answers

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