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you plan to go to university in 3 years time and expect the cost to be $12000- per year for three years. the university requires

you plan to go to university in 3 years time and expect the cost to be $12000- per year for three years. the university requires payment of $6000 to be made at the beginning of every semester. what is the present value of this expense assuming an annual interest rate of 12% compounded half yearly?

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