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Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an anruity that pays $120 overy six months for

Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an anruity that pays $120 overy six months for four years? (Note: Be carold net to round any intarmodiate stinps less than sir decinal phocosi) The present value of the annuity is 5 (Round to the nearest cent)

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