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An annuity with a cash value of $14,500 earns 7% compounded semi- annually. End-of-period, semi-annual payments to the beneficiary are deferred for 7 years, and

An annuity with a cash value of $14,500 earns 7% compounded semi- annually. End-of-period, semi-annual payments to the beneficiary are deferred for 7 years, and then continue for 10 years. How much is the amount of each payment

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