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What is the discounted value of $949.00 paid at the end of every month for 4 years if interest is 12% per annum compounded annually?

What is the discounted value of

$949.00

paid at the end of every

month

for

4

years if interest is

12%

per annum compounded annually?

The discounted value is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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