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7 Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 8th

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7 Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 8th month. What is the present value, assuming a rate of 4%, compounded quarterly? A $2,154.21 B $2,360.27 C $2,156.01 D $2,259.22

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