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A bank makes payments continuously at a rate of $240 per year. The payments are made between times 8 and 11 (measured in years). Find

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A bank makes payments continuously at a rate of $240 per year. The payments are made between times 8 and 11 (measured in years). Find the present value of these payments at time 4 using an annual effective rate of discount of 7%. Round your answer to two decimal places

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