Multiple Choice
Determine the present value of $450 quarterly payments made at the start of each quarter for 7 years, assuming a rate of interest of 6.5% compounded monthly.
A) $11,542.57
B) $10,211.02
C) $9,875.46
D) $9,440.38
E) $9,009.44
Correct Answer:
Verified
Correct Answer:
Verified
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