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The first of 1 8 semiannual payments of $ 3 , 9 0 0 will be made 9 1 2 years from today. What is
The first of semiannual payments of $ will be made years from today. What is the present value of this deferred annuity using a discount rate of compounded semiannually? Do not round intermediate calculations and round your final answer to decimal places.
Present value of deferred annuity
$
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