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The sale of property provides for payments of $4500.00 due at the beginning of every three...

The sale of property provides for payments of $4500.00 due at the beginning of every three months for five years. If the payments are deferred for two years and interest is 6% compounded monthly, what is the cash value of the property?

  1. $78 365.51
  2.    $87 555.36
  3.    $69 524.76
  4. $96 425.67
  5.    $67 964.25
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