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The answer is 2359.39 Please show step by step and formulas used. Problem 22.12 An annuity pays 100 at the end of each quarter for

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The answer is 2359.39

Please show step by step and formulas used.

Problem 22.12 An annuity pays 100 at the end of each quarter for 10 years. Calculate the present value of the annuity using an annual effective interest rate of 12%

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