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What is the fair price of a 3-year, $100 annuity, if the quoted interest rate is 12% but compounded quarterly? (3 points) $237.93 $238.71 $240.18

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What is the fair price of a 3-year, $100 annuity, if the quoted interest rate is 12% but compounded quarterly? (3 points) $237.93 $238.71 $240.18 $248.85

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