What is the present value of an annuity that pays

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Suppose the interest rate is 7.9 % APR with monthly compounding. What is the present value of an annuity that pays $ 105 every three months for five years?

(Note: Be careful not to round any intermediate steps less than six decimal? places.)

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132012825

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