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Determine the present value of $450 quarterly payments made at the start of each quarter for 7 years, assuming a rate of interest of 6.5%

Determine the present value of $450 quarterly payments made at the start of each quarter for 7 years, assuming a rate of interest of 6.5% compounded monthly.

$9,440.38

$11,542.57

$10,211.02

$9,009.44

$9,875.46

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