What is the present value of the annuity

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Was given the answer of 5,570.07 but don't know how to figure it out myself. Can someone tell me how to solve this please?

What is the present value of the following annuity? $880 every half year at the end of the period for the next 5 years, discounted back to the present at 18.63 percent per year, compounded semiannually

Reference no: EM132467126

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