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An annuity makes payments of 1,100 at the end of every month for 6 years at a nominal annual interest rate of 2.8% compounded quarterly.

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An annuity makes payments of 1,100 at the end of every month for 6 years at a nominal annual interest rate of 2.8% compounded quarterly. Find the accumulated value of this annuity at the end of 6 years. Possible Answers A 85,790 B 86,093 C 86,115 D 86,132 E 102,524

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