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Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $252 every quarter for the next

Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $252 every quarter for the next seven years is closest to

Select one:

a. $5131

b. $5432

c. $5182

d. $5193

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