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You need to buy insurance for your car. The insurance company is offering you one year's worth of insurance for $135 per month for one

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You need to buy insurance for your car. The insurance company is offering you one year's worth of insurance for $135 per month for one year (so there are a total of 12 payments, each at the start of each month). What is the present value of these payments? (Assume i(12) = 4.8%)

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