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What is the value today of a money machine that will pay $1,618.00 every six months for 17.00 years? Assume the first payment is made

What is the value today of a money machine that will pay $1,618.00 every six months for 17.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 7.00%.

Answer format: Currency: Round to: 2 decimal places.

unsure if I'm doing the process right. thanks

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