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QUESTION 11 An annuity pays $100 at the beginning of every quarter for 6 years. Given an annual nominal interest rate of 6% compounded monthly,

QUESTION 11 An annuity pays $100 at the beginning of every quarter for 6 years. Given an annual nominal interest rate of 6% compounded monthly, calculate its present value A) 2014.53 B) 2027,84 C) 2031.47 D) 2048.32 E) 205539

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