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What is the present value of annuity that pays $200 at the end of each quarter of a 10-year term if the interest rate is

What is the present value of annuity that pays $200 at the end of each quarter of a 10-year term if the interest rate is 5%? a. $3,256.39 b. $4,256.39 c. $5,256.39 d. $6,256.39 e. None of the above.

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