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A-20-year annuity-due pays 2 at the beginning of each month during the 1st y ing of each month during the 2nd year, 6 at the

A-20-year annuity-due pays 2 at the beginning of each month during the 1st y ing of each month during the 2nd year, 6 at the beginning of each month d year, and so on. The nominal annual interest rate is 12% compounded monthly Calculate the present value of the annuity-due. Select one: a 1259.08 b. 1404.72 c. 1179.53 d.1246.62 e. 1116.05

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