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Determine the current amount of money that must be invested at 6% nominal interest, compounded monthly, to provide an annuity of $14,000 (per year) for

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Determine the current amount of money that must be invested at 6% nominal interest, compounded monthly, to provide an annuity of $14,000 (per year) for 7 years, starting 14 years from now. The interest rate remains constant over the entire period of time. 35683 LATEX ? Correct! The correct answer is 35,670.08. Your answer is within the tolerance the instructor set for grading

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