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You are comparing two annuities with equal present values. The applicable discount rate is 4.8 percent. One annuity pays $8,000 each quarter for 10 years

You are comparing two annuities with equal present values. The applicable discount rate is 4.8 percent. One annuity pays $8,000 each quarter for 10 years at the end of each quarter. How much does the second annuity pay each month for 10 years at the end of each month?

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