Question: Suppose payments will be made for 6 1 / 2 years at the end of each semiannual period iss an ordinary annuity earning interest at

Suppose payments will be made for 61/2 years at the end of each semiannual period iss an ordinary annuity earning interest at the rate of 3.5% year compounded semiannually. If the present value of the anauity is $35,000, what should be the size of each payment?

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