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What is the present value of the following annuity? $2,885 every half year at the beginning of the period for the next 8 years, discounted

What is the present value of the following annuity? $2,885 every half year at the beginning of the period for the next 8 years, discounted back to the present at 3.54 percent per year, compounded semiannually. Round the answer to two decimal places.

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