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Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $254 every quarter for the next

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Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $254 every quarter for the next seven years is closest to: f Select one: O a. $5171 Ob. $5234 Oc. $5223 Od. $5473 UJ 20 21 cion

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