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Computing the Present Value of an Annuity In repayment of a loan, Nicholas agreed to pay a financial institution $600 at the beginning of each

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Computing the Present Value of an Annuity In repayment of a loan, Nicholas agreed to pay a financial institution $600 at the beginning of each month over a 3 year period, with the first payment due immediately. Assuming the interest rate on the loan is 5.4%, what is the present value of the loan? Round answer to the nearest whole dollar. Do not use a negative sign with your answer. 73,333 X Check

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