Question: Q57 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Suppose the interest rate is 9.1% APR with monthly compounding. What is the present value

Q57 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!!

Q57 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Suppose the

Suppose the interest rate is 9.1% APR with monthly compounding. What is the present value of an annuity that pays $85 every three months for four years? (Note: B careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is $ (Round to the nearest cent.)

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