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What is the present value of the following annuity? $3,401 every half year at the end of the period for the next 9 years, discounted

What is the present value of the following annuity? $3,401 every half year at the end of the period for the next 9 years, discounted back to the present at 12.92 percent per year, compounded semi- annually.

Round answer to two decimal places.

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