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Your friend is considering investing $6,000 at the end of every quarter for the next eight years in a bank account paying 6% p.a. The
Your friend is considering investing $6,000 at the end of every quarter for the next eight years in a bank account paying 6% p.a. The first contribution will be made at the end of the first quarter. If interest is compounded on a monthly basis, the present value of this investment plan will be closest to:
Group of answer choices
$208,117.
$177,020.
$151,432.
$149,035.
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