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Suppose the interest rate is 9.6% APR with monthly compounding. What is the present value of an annuity that pays $80 every six months for

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Suppose the interest rate is 9.6% APR with monthly compounding. What is the present value of an annuity that pays $80 every six months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places) The present value of the annuity is \$ (Round to the nearest cent)

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