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Consider an annuity that makes payments of 1000 at the end of every other year for 20 years. Find the accumulated value of this annuity

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Consider an annuity that makes payments of 1000 at the end of every other year for 20 years. Find the accumulated value of this annuity at the end of 20 years given a nominal annual interest rate of 2.8% compounded quarterly Possible Answers A 7,460 B 8.490 c9,510 D 11.530 E 13.020

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