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Your uncle promises to give you 550 per quarter for the

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Reference no: EM13392815

Your uncle promises to give you $550 per quarter for the next five years starting today. How much is his promise worth right now if the interest rate is 8% compounded quarterly?

a. $9,173.14

b. $13,363.57

c. $13,630.84

d. $8,993.27

Reference no: EM13392815

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