Question: Practice calculating the Present Value with non-annual compounding (Section 5-15 and Video) What is the present value of a security that will pay a single

Practice calculating the Present Value with non-annual compounding (Section 5-15 and Video)

What is the present value of a security that will pay a single cash flow of $819 in 13 years if securities of equal risk pay 6% annually? Assume semi-annual compounding.

Round your answer to the nearest two decimals

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