Question: Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually for 14 years. The present value is $ .

Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually for 14 years.

The present value is $ .

(Do not round until the final answer. Then round to the nearest cent as needed.)

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