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7 An annuity providing a rate of return of 6.2% compounded monthly was purchased for $59,000. The annuity pays $540 at the end of each

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7 An annuity providing a rate of return of 6.2% compounded monthly was purchased for $59,000. The annuity pays $540 at the end of each month. How much of Payment 37 will be interest? (Do not round the intermediate calculations. Round your answer to the nearest cent.) Interest $

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