Question: (1 point) What is the value on August 28, 2000 of making quarterly payments of $230 over 7 years if the first payment is on

(1 point) What is the value on August 28, 2000 of making quarterly payments of $230 over 7 years if the first payment is on May 28, 2004 and interest is 4.5% payable quarterly? Answer: $

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4. Are there any disadvantages?

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