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Payments of $400,000 will begin in 3 years, repeating every 6 years for a total of 20 payments. What is the present value today, assuming

Payments of $400,000 will begin in 3 years, repeating every 6 years for a total of 20 payments. What is the present value today, assuming simple annual interest of 8% compounded quaterly every 3 months?

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