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Suppose the interest rate is 6.1% APR with monthly compounding What is the present value of an annuity that pays $110 every three months for

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Suppose the interest rate is 6.1% APR with monthly compounding What is the present value of an annuity that pays $110 every three months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places) me 31 The present value of the annuity is $(Round to the nearest cent)

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