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Find the present value of a 10 year annuity with quarterly payments of 25, 50, 75 and 100 (repeated each year). Interest is 5% annual

Find the present value of a 10 year annuity with quarterly payments of 25, 50, 75 and 100 (repeated each year). Interest is 5% annual nominal, compounded quarterly.

A. 2,022

B. 1,952

C. 1,908

D. 1,946

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