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7 7 The first quarterly payment of $750 in a five year annuity will be paid in 33/ 4 years from now . Based on

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7 7 The first quarterly payment of $750 in a five year annuity will be paid in 33/ 4 years from now . Based on a discount rate of 8 25% compounded monthly , what is he present value of the payments today ? Interim calculations should be to six decimals : final answer to the nearest cent

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