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An annuity with a cash value of $14,000 earns 6% compounded semi-annually. End-of-period semi-annual payments are deferred for seven years. and then continue for eight
An annuity with a cash value of $14,000 earns 6% compounded semi-annually. End-of-period semi-annual payments are deferred for seven years. and then continue for eight years. How much is the amount of each payment?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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