What is the present value of an annuity that pays 90 every


Suppose the interest rate is 7.8% APR with monthly compounding. What is the present value of an annuity that pays $90 every 3 months for 7 ?years? The 3?-month effective interest rate is ?(Round to three decimal? places.)

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Financial Management: What is the present value of an annuity that pays 90 every
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