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What is a present value of 4 2 3 monthly payments of $ 7 7 0 , if the appropriate discount rate is 1 1

What is a present value of

423

monthly payments of $

770,

if the appropriate discount rate is

11.00 % (

per annum

)

and the first payment is being made today?

(

Round your answer to

2

decimals.

)

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