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An annuity with a cash value of $13,500 earns 6% compounded semi-annually. End-of-period semi-annual payments are deferred for five years, and then continue for
An annuity with a cash value of $13,500 earns 6% compounded semi-annually. End-of-period semi-annual payments are deferred for five years, and then continue for ten years. How much is the amount of each payment? Each payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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