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What is the present value of 33 annual payments of $ 3,22? each with the first payment being reoei’ured immediately? Assume you an invest rnonewI at a 10% stated rate with semi—annual compounding.

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What is the present value of 33 annual payments of $ 3,22? each with the first payment being reoei’ured immediately? Assume you
an invest rnonewI at a 10% stated rate with semi—annual compounding.

 
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