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You are trying to calculate the present value of an annuity by using a financial calculator that requires you to specify the interest rate (I/Y).

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You are trying to calculate the present value of an annuity by using a financial calculator that requires you to specify the interest rate (I/Y). This annuity makes monthly payments of $180. If the interest rate is 11% compounded quarterly, what is the number you should enter in your financial calculator for the interest rate? Answer to 4 decimal places

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