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An annuity provides... $700 Beginning-of-quarter payments for the first three years. $400 Beginning-of-quarter payments for the next two years. What is the purchase price

An annuity provides... $700 Beginning-of-quarter payments for the first three years. $400 Beginning-of-quarter payments for the next two years. What is the purchase price of the annuity if the interest rate is 3.7% compounded semi-annually? CK

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