Question: How much will it cost to purchase an ordinary annuity delivering semiannual payments of $2000 for 12 1/2 years if the money used to purchase

How much will it cost to purchase an ordinary annuity delivering semiannual payments of $2000 for 12 1/2 years if the money used to purchase the annuity can earn 7.5% compounded semiannually?

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