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What is the discounted value of payments of $87.00 made at the end of every three months for 4 years if interest is 8% compounded

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What is the discounted value of payments of $87.00 made at the end of every three months for 4 years if interest is 8% compounded quarterly? ... The discounted value is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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