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What is the present value of the following annuity? $1,021 every half year at the beginning of the period for the next six years, discounted
What is the present value of the following annuity? $1,021 every half year at the beginning of the period for the next six years, discounted back to the present at 8.93 percent per year, compunded semi annually? Round the answer to two decimal places. Please show work.
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