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The owner of a certain investment is entitled to receive $38 at the end of every six months for 11 years plus an additional single

The owner of a certain investment is entitled to receive $38 at the end of every six months for 11 years plus an additional single payment of $1,000 in 11 years. Mandy is thinking about purchasing this investment. If Mandy requires a rate of return of 8.4% compounded semiannually what is the value of this investment to her?

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