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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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