Question: Find the present value for the amount given in the table. Amount $7289.97 Nominal Rate 5.5% Frequency of Conversion semi-annually Time 7 years The present

Find the present value for the amount given in the table.

Find the present value for the amount given in the table. Amount $7289.97 Nominal Rate 5.5% Frequency of Conversion semi-annually Time 7 years The present value is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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