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By approximately how much more would the present value of annuity due compared to the present value of ordinary annuity for $860 per quarter (quarterly
By approximately how much more would the present value of annuity due compared to the present value of ordinary annuity for $860 per quarter (quarterly payments) for 8 years with a nominal interest rate 9% APR compounded daily? There are 360 days in one year and four quarters in one year.
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