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(1 point) (Exercise 4.10) Find the present value of an annuity on which payments are 1 at the beginning of each 4-month period for 8

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(1 point) (Exercise 4.10) Find the present value of an annuity on which payments are 1 at the beginning of each 4-month period for 8 years, assuming a rate of interest per 3-month period is 0.03. ANSWER (round to 3 decimal places) =

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