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What is the present value of 53 annual payments of $1,798 each with the first payment being received immediately? Assume you can invest money at
What is the present value of 53 annual payments of $1,798 each with the first payment being received immediately? Assume you can invest money at a 10% stated rate with semi-annual compounding.
The answer is: 19,229.72, but I am not sure how to do the calculations.
Please show your work using the Financial Calculator. Thanks!
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