Question: (1 point) (Exercise 3.17) Find the present value on February 1 of an annuity which pays $2500 every three months for 7 years. The

(1 point) (Exercise 3.17) Find the present value on February 1 of

(1 point) (Exercise 3.17) Find the present value on February 1 of an annuity which pays $2500 every three months for 7 years. The first payment is due on the coming April 1 and the rate of interest is 8% convertible quarterly. ANSWER = $

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