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Suppose the interest rate is 8.8 % APR with monthly compounding. What is the present value of an annuity that pays $ 112 every 3

Suppose the interest rate is 8.8 % APR with monthly compounding. What is the present value of an annuity that pays $ 112 every 3 months for 4 years?

The 3-month effective interest rate is __%

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