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An annuity with monthly payments has 6 payments of 12 followed by three months without payments followed by two more months with payments of 12.

An annuity with monthly payments has 6 payments of 12 followed by three months without payments followed by two more months with payments of 12. Determine the value of the annuity one month after the 6th payment of 12, using a nominal rate of 12% compounded monthly.

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