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A company wants to have $20,000 at the beginning of each 6-month period for the...

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Accounting

A company wants to have $20,000 at the beginning of each 6-month period for the next 4.5 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns6.54%, compounded semiannually? Solve the problem. (Round your answer to the nearest cent.)

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