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Question 3 (1 point) An investment is expected to result in equal payments of $...

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Question 3 (1 point) An investment is expected to result in equal payments of $ 11510.00 at the end of each quarter for the next 4 years (ordinary annuity). Compounding: 4 times per year. If the appropriate required rate of return (discount rate) is 5 %, what is the present value of the annuity stream? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your

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