Question: Suppose the interest rate is ( 9 . 4 % ) APR with monthly compounding. What is the present value of an

Suppose the interest rate is \(9.4\%\) APR with monthly compounding. What is the present value of an annuity that pays \$105 every three months for five 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.)
PLEASE SHOW HOW TO SOLVE HOW MANY PAYMENTS YOU NEED TO REAXH $105 IN THREE MONTHS SHOW WORK PLZ

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