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13.1.37 Find the present value for the following future amount. $9880 at 4.5% compounded semiannually for 11 years The present value is $ (Do not

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13.1.37 Find the present value for the following future amount. $9880 at 4.5% compounded semiannually for 11 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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