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You want to calculate the present value of $1000 per month for the next 12 months. The discount rate is 11% compounded quarterly. The interest

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You want to calculate the present value of $1000 per month for the next 12 months. The discount rate is 11% compounded quarterly. The interest rate you would input to your calculator or PV formula to solve this would be Express the answer as a decimal to 4 decimal places (i.e. not 14.53% but 1453.)

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