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2. Erik receives an eightyear annuityimmediate With monthly payments. The rst payment is $300 and payments increase by $6 each month. The payments are deposited

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2. Erik receives an eightyear annuityimmediate With monthly payments. The rst payment is $300 and payments increase by $6 each month. The payments are deposited in a account earning interest at a nominal rate of 6% convertible monthly. What is the balance in the account at the end of the eight years? 73055.14 59580.45 69042.81 77059.51 30399.98 999.07?\

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