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Use Table 12-2 in your text to find how much should be deposited now at 8% interest, compounded semiannually, to yield an annuity payment of

Use Table 12-2 in your text to find how much should be deposited now at 8% interest, compounded semiannually, to yield an annuity payment of $400 at the END of each 6 months, for 1 year.

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