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What is the value on May 2 1 , 2 0 0 0 of making quarterly payments of $ 2 9 0 over 8 years

What is the value on May

21, 2000

of making quarterly payments of $

290

over

8

years if the first payment is on February

21, 2006

and interest is

4.5 %

payable quarterly?

Answer: $

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