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William and Catherine are considering an offer for a piece of property that receives a monthly lease of $ 408/ due at the end of

William and Catherine are considering an offer for a piece of property that receives a monthly lease of $ 408/ due at the end of each month. If money is worth 19.1% compounded quarterly, what is a fair offer?

a 266060.04

b. $260819.51

C $196612 10

d. $206750.67 O

e.$274336.05

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