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What is the present value of the following annuity?$530 every half year at the beginning of the period for the next 11 years, discounted back to the present at 8.88 percent per year, compounded semiannually. Use Excel Formula

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What is the present value of the following annuity?<br/>$530 every

half year at the beginning of the period for the next 11 years, discounted back to the present at 8.88 percent per year, compounded semiannually. Use Excel Formula

 
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