An investor wants to purchase a level annuity of 49 per annum payable monthly in arrear for 7 years. Find the purchase price in , given that it is calculated on the basis of a nominal interest rate of 4.1 % per annum convertible quarterly. Remark: You need to give the answer with two decimal places accuracy in . For example, if you computed 2.4572 then 2.46, 2.457 and 2.4572 are all valid answers. But 2.45 is not because they result wasn't rounded correctly. Also, do not enter the pound sign