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Suppose the interest rate is 7.8% APR with monthly compounding. What is the present value of an annuity that pays $90 every 3 months for

Suppose the interest rate is 7.8% APR with monthly compounding. What is the present value of an annuity that pays $90 every 3 months for 7 years? The 3-month effective interest rate is (Round to three decimal places.)

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