What is present worth of a series of equal quarterly payment, Microeconomics

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What is present worth of a series of equal quarterly payment

Problem

What is the present worth of a series of equal quarterly payments of $3000 that extends over a period of 8 years if the interest rate is 10% compounded monthly?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is present worth of a series of equal quarterly payment

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