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At the beginning of each quarter, Kaelin invests $3,300 quarterly at 8% for three years. The cash value of the annuity due at the end

At the beginning of each quarter, Kaelin invests $3,300 quarterly at 8% for three years. The cash value of the annuity due at the end of the third year is (use the tables in the handbook):

Multiple Choice

$44,250.90

$48,444.99

None of these

$52,700.30

$45,144.99

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