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Andy has set up an ordinary annuity to saVE for his retirement in 1 6 years if his semi annual payments for 2 5 0

Andy has set up an ordinary annuity to saVE for his retirement in

16

years if his semi annual payments for

250

and the annuity has annual interest rate of

7.5 %

what will be the value of the annuity when he retires

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