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An annuity has $400 paid in each month and provides an interest rate of 0.5% per month. Find The value of the annuity after 6

  1. An annuity has $400 paid in each month and provides an interest rate of 0.5% per month. Find
  2. The value of the annuity after 6 months;
  3. The value of the annuity after 3 years.

Note: You may assume the financial institution uses simple rounding to the nearest cent.

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