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A 20-year annuity pays 2 at the beginning of each month during the 1st year, 4 at the beginning of each month during the 2nd

A 20-year annuity pays 2 at the beginning of each month during the 1st year, 4 at the beginning of each month during the 2nd year, 6 at the beginning of each month during the 3rd year, and so on. The nominal annual interest rate is 12% compounded monthly. Calculate the present value of the annuity-due.

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