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How to calculate the PV? 18. Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays

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How to calculate the PV?

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18. Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $250 every three months for the next five years is closest to: St R APR for quarterly. Excel A. $2,280 B. $3,985 C. $3,990 D. $3,995

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