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Drew receives an inheritance that pays him $49,000 every three months for the next two years. Which of the following is closest to the present

Drew receives an inheritance that pays him $49,000 every three months for the next two years. Which of the following is closest to the present value(PV) of this inheritance if the interest rate is 8% (EAR)?

$431,805

$359,837

$392,000

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