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12. Determine the amount of interest earned at the end of year 9 based on $3,000 annual payments received in years 1, 3 and 5

12. Determine the amount of interest earned at the end of year 9 based on $3,000 annual payments received in years 1, 3 and 5 given an interest rate of 5.2% compounded annually. A. $3,241.20 B. $3,456.99 C. $3,688.18 D. $3,939.72 E. $4,004.48

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