What is the present value of $6,000 to be received at the end of each six months
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Question:
What is the present value of $6,000 to be received at the end of each six months for the next 6 years if the annual interest rate is 8% compounded semiannually.
(Use the present value tables with six decimal places at the end of your Unit 5 notes. Round your answer to the nearest whole dollar. Do not include the $ sign in your answer.)
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