Calculate the present value of a loan that could be cleared by payments of $3,350 at theend of every 6 months for 7 years if money earns 7.08% compounded semi-annually. Calculate the present value of...

Calculate the present value of a loan that could be cleared by payments of $3,350 at the
end of every 6 months for 7 years if money earns 7.08% compounded semi-annually.

Extracted text: Calculate the present value of a loan that could be cleared by payments of $3,350 at the end of every 6 months for 7 years if money earns 7.08% compounded semi-annually. Round to the nearest cent