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What is the value today of a money machine that will pay $2,881.00 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 $2,881.00 every six months for 17.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 11.00%. (Round to 4 decimal places.)

[Please do NOT use Excel, we're only allowed a Financial/BA2+ Calculator on the real exams. Thank you.]

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