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An investment is expected to result is equal payments of $3930.00 at the end of each month for the next 6 months (ordinary annuity). Compounding
An investment is expected to result is equal payments of $3930.00 at the end of each month for the next 6 months (ordinary annuity). Compounding 12 times per year. If the appropriate required rate of return (discount rate) is 8%, what is the present value of the annuity stream?
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