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Bill needs to determine the equivalent value in 1 quarter of a payment of $1200 due in 3.33 quarters. Money is worth 7% compounded semiannually.

Bill needs to determine the equivalent value in 1 quarter of a payment of $1200 due in 3.33 quarters. Money is worth 7% compounded semiannually. Select one: a. $1138.22 b. $1249.14 c. $1152.79 d. $1108.92

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