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Use a calculator to evaluate the present value of an annuity formula 1 - + ---0.609) n for the values of the variables m, r,

Use a calculator to evaluate the present value of an annuity formula 1 - + ---0.609) n for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $1,050; 8%; 5 yr $

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