What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years and a quarterly payments $2,000 of the next 5 years if the interest rate is 8% compounded bimonthly? Note: Round off your interest rate to five decimal places   Round your answer to 2 decimal places.

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Q: 45.

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Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years…

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A:

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