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What is the present value of an annuity that pays $99 at the end of each of the next 8 years, and an additional $1,000

What is the present value of an annuity that pays $99 at the end of each of the next 8 years, and an additional $1,000 at the end of the 8th year? Use a nominal rate (monthly compounding) of 7.00%. (Hint: use EAR).

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