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Suppose the interest rate is 7.4 %7.4% APR with monthly compounding. What is the present value of an annuity that pays $ 105$105 every threethree

Suppose the interest rate is 7.4 %7.4% APR with monthly compounding. What is the present value of an annuity that pays $ 105$105 every threethree months for fivefive years? (Note: Be careful not to round any intermediate steps less than six decimal places.)

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