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Your rich aunt has promised to give your $2000 in 7 years. How much should you be willing to receive today (in lieu of the

Your rich aunt has promised to give your $2000 in 7 years. How much should you be willing to receive today (in lieu of the $2000 in 7 years) if you can earn 8% per annum, compounded semi-annually? (Round to nearest penny, e.g. 1234.56)

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