What is the present value of 35 annual payments of $1,302 each with the first payment...
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What is the present value of 35 annual payments of $1,302 each with the first payment being received immediately? Assume you can, invest money at a 10% stated rate with semi-annual compounding. Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12,327.24987 as 12327.25. What is the present value of 35 annual payments of $1,302 each with the first payment being received immediately? Assume you can, invest money at a 10% stated rate with semi-annual compounding. Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12,327.24987 as 12327.25.
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