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7 Question 1 (1 point) For how long (before the beginning of the term of the annuity) must a $19,665 investment earning 3.5% compounded semiannually

7 Question 1 (1 point) For how long (before the beginning of the term of the annuity) must a $19,665 investment earning 3.5% compounded semiannually be allowed to grow before it can purchase an annuity paying $1000 at the end of every quarter for 15 years? 25 years 25 years, 1 month 25 years, 3 months 26 years, 4 months

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