What is the present value of the following annuity?$927 every quarter year at the end of the quarter for the next 5 years, discounted back to the present at 19.97 percent per year, compounded quarterly?
What is the present value of the following annuity?<br/>$927 every
quarter year at the end of the quarter for the next 5 years, discounted back to the present at 19.97 percent per year, compounded quarterly?
Round the answer to two decimal places.
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