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(1 point) Suppose that an annuity pays 20 annual payments of $1360, with the first payment coming 10 years from now. If the annuity earns

(1 point) Suppose that an annuity pays 20 annual payments of $1360, with the first payment coming 10 years from now. If the annuity earns interest at a rate of 11.2 % compounded monthly, what is the present value of the annuity? Answer: $

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