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An annuity offers a payment of $9657 at the end of every three months for twenty years. Interest is compounded quarterly at a nominal rate

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An annuity offers a payment of $9657 at the end of every three months for twenty years. Interest is compounded quarterly at a nominal rate of 10.4%. Determine the amount that you would pay for this annuity today. a. $317422.74 b. $260332.82 c. $323771,20 d. $330378.77 e. $182493.59

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