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What is the present value of the following annuity?$4,515 every half year at the beginning of the period for the next 12 years, discounted back to the present at 12.76 percent per year, compounded semiannually. Round the answer to two decimal places.

What is the present value of the following annuity?<br/>$4,515 every

half year at the beginning of the period for the next 12 years, discounted back to the present at 12.76 percent per year, compounded semiannually.
Round the answer to two decimal places.

 
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