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mathxl.com/Student/P... ES 14 : FINA 3332 - Fall 2020 (Tue/Thu 1:00 p.m.) imara inayatali & 10/19/20 7:47 PM Quiz: Assignment 5 Submit Quiz This Question:

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mathxl.com/Student/P... ES 14 : FINA 3332 - Fall 2020 (Tue/Thu 1:00 p.m.) imara inayatali & 10/19/20 7:47 PM Quiz: Assignment 5 Submit Quiz This Question: 1 pt 6 of 9 This Quiz: 9 pts possible Question Help Suppose the interest rate is 8.4% APR with monthly compounding. What is the present value of an annuity that pays $95 every three months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places) The present value of the annuity is (Round to the nearest cont.)

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