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What is the present value of the following annuity? $4,456 every half year at the beginning of the period for the next 12 years, discounted

What is the present value of the following annuity? $4,456 every half year at the beginning of the period for the next 12 years, discounted back to the present at 4.46 percent per year, compounded semiannually.

Round the answer to two decimal places.

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