Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Colleen O'Brien has won a sweepstakes payable in 32 semiannual payments of $1,000 each. The organizers of the contest can deposit now at 14% interest compounded semiannually. How much less would they have to deposit today if the annuity is paid at the end of each 6-month period rather than at the BEGINNING of each period?

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Colleen O'Brien has won a sweepstakes payable in 32 semiannual payments of $1,000 each. The organizers of the contest can deposit now at 14% interest compounded semiannually. How much less would they have to deposit today if the annuity is paid at the end of each 6-month period rather than at the BEGINNING of each period?

Use Tables 12-1 and 12-2 from Your Text to Answer