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What is the present value of an ordinary annuity with payments of$14,000.00 paid semiannually for11 years at9% compounded semiannually? Assume the interest rate does not

What is the present value of an ordinary annuity with payments of$14,000.00 paid semiannually for11 years at9% compounded semiannually? Assume the interest rate does not change while the account is open. Round your answer to the nearest cent.

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