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What is the discounted value of $1274.00 paid at the end of every three months for 8 years if interest is 12% per annum compounded

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What is the discounted value of $1274.00 paid at the end of every three months for 8 years if interest is 12% per annum compounded annually? The discounted value 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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