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What periodic payment corresponds with a future value of $ 1 0 , 7 8 6 . 1 7 when a 2 % interest rate

What periodic payment corresponds with a future value of $10,786.17 when a 2% interest rate is compounded semi-annually for eight years? Express the answer in dollars and cents, rounding off as necessary. Select the best response.
$525.00
$550.00
$575.00
$600.00
$625.00
$650.00
none of these answers

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