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An annuity pays $ 1 0 , 0 0 0 every 5 years for 6 times. The effective annual interest rate is 7 % .

An annuity pays $10,000 every 5 years for 6 times. The effective annual interest rate is 7%. Calculate the future value immediately after the last payment is made, if the first payment occurs 5 years from now.

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