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Suppose the interest rate is 4.8% APR with monthly compounding. What is the present value of an annuity that pays $1100 every 3 months (i.e.,

Suppose the interest rate is 4.8% APR with monthly compounding. What is the present value of an annuity that pays $1100 every 3 months (i.e., every quarter) for 10 years?

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