A company wants to have $40,000 at the beginning of each 6-month period for the next 4 1/2 years . If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.93%,...

A company wants to have $40,000 at the beginning of each 6-month period for the next 4 1/2 years . If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.93%, compounded semiannually?

ANSWERS THAT ARE INCORRECT : 3863.39, 3863.30, 21855.90, 21855.9, 21855, 21855.87, 21885.87,21885.8,21885.9