Question: What is the present value of an annuity that consists of 15 semiannual payments of $1,000 at the interest rate of 9% per year, compounded

What is the present value of an annuity that consists of

What is the present value of an annuity that consists of 15 semiannual payments of $1,000 at the interest rate of 9% per year, compounded semiannually? Round your answer to the nearest dollar. $16,307 $33,705 $65,228 $10,740

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