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(4) What is the present value of an annuity that pays $370 each quarter for 19 years if interest rates are 6.4%? Assume the first
(4) What is the present value of an annuity that pays $370 each quarter for 19 years if interest rates are 6.4%? Assume the first payment is made in 3 months. = Steve wants to buy a speed boat. The speed boat costs $63,000, and Steve wants to finance this with a 16 year loan at an interest rate of i(12) 6.84% with monthly payments. Calculuate the size of the monthly payments (round your answer up to the nearest penny) =
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