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An investment is expected to result in equal payments of $ 18650.00 at the end of each quarter for the next 7 years (ordinary annuity).

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An investment is expected to result in equal payments of $ 18650.00 at the end of each quarter for the next 7 years (ordinary annuity). Compounding: 4 times per year. If the appropriate required rate of return (discount rate) is 5 %, what is the present value of the annuity stream? Answer to the nearest cent. le. one thousand dollars would be entered 1000.00)

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