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William and Catherine are considering an offer for a piece of property that receives a monthly lease of $ 5114 due at the end of

William and Catherine are considering an offer for a piece of property that receives a monthly lease of $ 5114 due at the end of each month. If money is worth 13.3% compounded quarterly, what is a fair offer?

a. $351124.85

b. $453050.04

c. $471151.47

d. $354620.89

e. $466490.36

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