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(1 point) (Exercise 4.1) Find the accumulated value 16 years after the first payment is made of an annuity on which there are 6 payments

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(1 point) (Exercise 4.1) Find the accumulated value 16 years after the first payment is made of an annuity on which there are 6 payments of $1120 each made at 2-year intervals. The nominal rate of interest convertible once every two months is 3.5%. ANSWER = $

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