What is the present value for the following annuity?$1,021 every half year at the beginning of the period for the next 6 years, discounted back to the present at 8.93 percent per year, compounded semi-annually.
What is the present value for the following annuity?<br/>$1,021 every
half year at the beginning of the period for the next 6 years, discounted back to the present at 8.93 percent per year, compounded semi-annually. All the work has to be shown! Round the answer to two decimal places.
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