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An annuity providing a rate of return of 4 . 8 % compounded monthly was purchased for $ 5 4 , 0 0 0 .

An annuity providing a rate of return of 4.8% compounded monthly was purchased for $54,000. The annuity pays $480 at the end of each month.
e. What will be the amount of the final payment? (Round your answer to the nearest cent.)
Final payment $

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