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A retiree is paid $ 1 1 0 0 per month by an annuity. If the income is invested in an account that earns 5

A retiree is paid $

1100

per month by an annuity. If the income is invested in an account that earns

5 %

interest compounded continuously, what is the future value of the income after ten years?

(

Round your answer to two decimal places.

)

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