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A recent college graduate's gift from her grandparents is $20,000. He invests this gift for 5 years and then will use it to set up

A recent college graduate's gift from her grandparents is $20,000. He invests this gift for 5 years and then will use it to set up an annuity. How much will this provide at the end of each month fro the next 12 months (But AFTER investing it first for the 5 years he planned.) Assume the money is worth 6.6%, compounded monthly.

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