Question: Question 3 (1 point) What is the present value of the following annuity? $1,651 every half year at the end of the period for the

Question 3 (1 point)

What is the present value of the following annuity?

$1,651 every half year at the end of the period for the next 12 years, discounted back to the present at 11.94 percent per year, compounded semiannually.

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