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An annuity with a cash value of $15,000 earns 7% compounded semi-annually. End-of-period semi-annual payments are deferred for seven years and then continue for ten

An annuity with a cash value of $15,000 earns 7% compounded semi-annually. End-of-period semi-annual payments are deferred for seven years and then continue for ten years. How much is the amount of each payment?

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