Question: Suppose the interest rate is ( 9 . 2 % ) APR with monthly compounding. What is the present value of an

Suppose the interest rate is \(9.2\%\) APR with monthly compounding. What is the present value of an annuity that pays \(\$ 80\) every six months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is \(\$ \).(Round to the nearest cent.)
Suppose the interest rate is \ ( 9 . 2 \ % \ )

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