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You are given: Effective date of a decreasing annuity: 1 / 1 / 1 2 . Date of the first payment: 7 1 ? 1
You are given:
Effective date of a decreasing annuity:
Date of the first payment:
Frequency of payments: Semiannually
Number of payments:
Semiannually decrease in payment: $
Interest rate: per year, compounded semiannually
Present value at of remaining payments after : $
Calculate the first semiannual payment
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