Question: 4. Please provide a detailed solution. By hand. What is the discounted value of $807.00 paid at the end of every month for 8 years

4. Please provide a detailed solution. By hand.

What is the discounted value of $807.00 paid at the end of every month for 8 years if interest is 10% per annum compounded quarterly? The discounted value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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