Question: This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. What

This set of problems is designed to be calculated using theExcel or financial calculator.Do not use financial tables to calculate these problems.

What is the present value of the following annuity?

$1,744 every quarter year at the end of the quarter for the next 3 years, discounted back to the present at 8.11 percent per year, compounded quarterly?

Round the answer to two decimal places.

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