Question: What is the present value of an annuity due consisting of semiannual payments of $1000 for 25 years, if money can earn: a. 6% compounded

What is the present value of an due consisting of semiannual payments of $1000 for 25 years, if money can earn:
a. 6% compounded semiannually?
b. 8% compounded semiannually?

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