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Piotr has a geometric annuity due whose monthly payments (at the start of each period) grow 2.300% each month. The first payment is $342.32, the

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Piotr has a geometric annuity due whose monthly payments (at the start of each period) grow 2.300% each month. The first payment is $342.32, the nominal interest rate is r) = 7.425%, and the term is 2 years. What is the present value of his annuity? O a. $10,030.59. O b: $10,431.82. O c. $9,529.06. O d. $7,823.86 O e. $9,970.90 Certainty : CC=1 (Unsure: 67%) OC=3 (Quite sure: > 80%)

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