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Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $115 every three months for

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Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $115 every three months for four years? (Note: Be careful not to round any informediate stops less than six decimal places) The present value of the annuity is SIN (Round to the nearest cont.)

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