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Find the present value of the following ordinary simple annuity. Periodic Payment $348 Payment Interval 3 months Term Interest Rate 6.7% Conversion Period quarterly 5.25

Find the present value of the following ordinary simple annuity. Periodic Payment $348 Payment Interval 3 months Term Interest Rate 6.7% Conversion Period quarterly 5.25 years The present value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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