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. After winning some money at a casino, Tony is considering purchasing an annuity that promises to pay him $300 at the end of each
. After winning some money at a casino, Tony is considering purchasing an annuity that promises to pay him $300 at the end of each month for 12 months, then $350 at the end of each month for 24 months, and then $375 at the end of each month for 36 months, if the first payment is due at the end of the first month at a rate of 7.5%compounded annually over the period of the annuity. what is the price of the Annuity?
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