Question: This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. What

This set of problems is designed to be calculated using theExcel or financial calculator.Do not use financial tables to calculate these problems.

What is the present value of the following annuity?

$2,185 every half year at the beginning of the period for the next 14 years, discounted back to the present at 10.13 percent per year, compounded semiannually.

Round the answer to two decimal places.

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