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rate is 12% per annum compounded monthly Boris and Bela pay Art the Artist $100 at the beginning of each month for 3 years to

rate is 12% per annum compounded monthly

Boris and Bela pay Art the Artist $100 at the beginning of each month for 3 years to buy an oil painting of Bozo the Clown. What is the value of the painting, now, for insurance purposes? The value is _________________

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