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Posted on Sep 10, 2024

You open an investment account that pays 6 % APR, compounded monthly. Compute the present value of 1 4 monthly payments of $ 6 0

You open an investment account that pays

6 %

APR, compounded monthly. Compute the present value of

14

monthly payments of $

6000 (

the first payment made

1

month from today

) .

Choose the closest answer.

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