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Suppose the interest rate is 8.5% APR with monthly compounding. What is the present value of an annuity that pays $95 every three months for

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Suppose the interest rate is 8.5% APR with monthly compounding. What is the present value of an annuity that pays $95 every three 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 (Round to the nearest cent.)

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