Question: The first of ten semiannual payments of $2200 will be made 5, years from today. What is the present value of this deferred annuity

The first of ten semiannual payments of $2200 will be made 5,

The first of ten semiannual payments of $2200 will be made 5, years from today. What is the present value of this deferred annuity using a discount rate of 7.2% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value 2$

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