Find the present value of the annuity that will pay $2500 every 6 months for 8 years from an account paying interest at a rate of 8% compounded semiannually. (round your final answer to two decimal places.)

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convert the exponential equation to a logarithmic equation using the logarithm base (6) of the right side (36) equals the exponent (2).

ℓσg6(36)=2

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