What was the present worth of savings associated with chip

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Video cards based on Nvidia's GeForce2 processor typicallycost $250. Nvidia realeased a light version of the chip that costs $150. If a certain game makerwas purchasing 3000 cards per quarter, what was the present worth of the savings associated with the cheaper chip over a two-year period at an interest rate of 16% per year, compounded quarterly?

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