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Consider an annuity that pays $30,000 every year for 20 years, and where the first payment will be made at the end of the year.

Consider an annuity that pays $30,000 every year for 20 years, and where the first payment will be made at the end of the year. Assume the bank quotes an APR of 5% monthly compounded. Calculate the future value of this annuity

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