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A 30-year annuity pays $1000 per month, and payments are made at the end of each month. If the interest rate is 12 percent compounded

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A 30-year annuity pays $1000 per month, and payments are made at the end of each month. If the interest rate is 12 percent compounded monthly for the first six years, and 6 percent compounded monthly thereafter, what is the future value of the annuity (approximately)? S200.750 $1004515 $125.619 3157 STA

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