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You plan to go to university in three year's time and expect the cost to be $12,000 per year for three years.The university requires payment

You plan to go to university in three year's time and expect the cost to be $12,000 per year for three years.The university requires payment of $6,000 to be made at the beginning of every semester.What is the present value of these expenses assuming as the annual interest rate of 12% compounded half yearly?

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