A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest
rate of 12%, compounded annually?

Name: A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest rate of 12%, compounded annually?
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The Answer of A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest
rate of 12%, compounded annually?

A Series of Equal Semi-Annual Payments of $1,000 for 3