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If interest is 5% compounded quarterly, calculate the present value of twelve $1,000 monthly payments. Multiple Choice O $11,782.52 O $11,382.52 O $11,482.52 O $11,582.52

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If interest is 5% compounded quarterly, calculate the present value of twelve $1,000 monthly payments. Multiple Choice O $11,782.52 O $11,382.52 O $11,482.52 O $11,582.52 $11,682.52

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