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Question 6(1 point) What is the present value of the following annuity? $1,044 every quarter year at the end of the quarter for the next
Question 6(1 point)
What is the present value of the following annuity?
$1,044 every quarter year at the end of the quarter for the next 14 years, discounted back to the present at 9.45 percent per year, compounded quarterly?
Round the answer to two decimal places.
Your Answer:
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Get StartedRecommended Textbook for
Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
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