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8. Find the lump sum that one must invest in an annuity to receive $1,000 at the end of each month for the next

8. Find the lump sum that one must invest in an annuity to receive $1,000 at the end of each month for the next 15 years if the annuity pays 4.5% compounded monthly. Number of periods n= a. Lump Sum = rate per period i = b. How much interest is earned over the fifteen year period?

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