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2. Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the end of each month increase by 0.7% per

2. Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the end of each month increase by 0.7% per payment. What is the total amount received by Harry if interest is 8.4% compounded monthly

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