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Question 7: Jennifer will need to pay $200 at the end of every month for the next 12 months, except for the payment of the

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Question 7: Jennifer will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 5th month. What is the present value, assuming a rate of 4%, compounded quarterly? (1 Point) $2,160.06 $2,348.97 $2,152.26 $2,254.09

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