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Suppose the interest rate is 7.2 % APR with monthly compounding. What is the present value of an annuity that pays $ 100 every six

Suppose the interest rate is 7.2 % APR with monthly compounding. What is the present value of an annuity that pays $ 100

every six months for six years? (Note: Be careful not to round any intermediate steps less than six decimal places.)

The present value of the annuity is?

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