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Find the present value of the following deferred annuity due. Periodic Payment $900 Made At: beginning Payment Period Period of Deferment 4 years Interest Rate

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Find the present value of the following deferred annuity due. Periodic Payment $900 Made At: beginning Payment Period Period of Deferment 4 years Interest Rate Conversion Period monthly Term 3 years 1 year 4% The present value of the deferred annuity due is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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