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QUESTION
What is the present value of 13 annual payments of $ 1,599 each with the first payment being received immediately?
What is the present value of 13 annual payments of $ 1,599 each with the first payment being received immediately? Assume you can invest money at a 10% stated rate with semi-annual compounding. (Round your answer to 2 decimal places and record without a dollar sign and without commas).
