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uestion 17 Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $263 every quarter for

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uestion 17 Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $263 every quarter for the next seven years is closest to: ot yet nswered arked out of 00 Flag question O a. $5658 O b. $5420 O c. $5408 O d. $5355

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