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What is the present value of 53 annual payments of $ 1,106 each with the first payment being received immediately? Assume you can invest money

What is the present value of 53 annual payments of $ 1,106 each with the first payment being received immediately? Assume you can invest money at a 10% stated rate with semi-annual compounding.

***the correct answer is 11,828.74

please show me how to solve

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