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A retirement account offers an annuity that will pay you $ 5 , 0 0 0 per month for 2 0 years. If the interest

A retirement account offers an annuity that will pay you $5,000 per month for 20 years. If the interest rate is 4% compounded monthly, what is the present value of this annuity? Additionally, calculate the total amount of money you will receive from the annuity over the 20 years.

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