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Suppose the interest rate is 8.4% APR with monthly compounding. What is the present value of an annuity that pays $105 every 3 months for

Suppose the interest rate is 8.4% APR with monthly compounding. What is the present value of an annuity that pays $105 every 3 months for 7 years?

A) The 3 month effective interest rate is

B) The present value is

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