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(2 points) (Exercise 5.25) An investor buys an annuity with payments of principal and interest of $500 per quarter for 10 years. Interest is at

(2 points) (Exercise 5.25) An investor buys an annuity with payments of principal and interest of $500 per quarter for 10 years. Interest is at the effective rate of 12% per annum. How much interest does the investor receive in total over the 10-year period? ANSWER =$

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