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Suppose the interest rate is 9.8 % APR with monthly compounding. What is the present value of an annuity that pays $ 80 every three

Suppose the interest rate is 9.8 % APR with monthly compounding. What is the present value of an annuity that pays $ 80 every three months for five 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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