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Each month, $250 is placed into an annuity that earns 5% compounded monthly. Find the value of the annuity after 20 years. $95,423.88 $155,340.23 $102,758.42

Each month, $250 is placed into an annuity that earns 5% compounded monthly. Find the value of the annuity after 20 years. $95,423.88 $155,340.23 $102,758.42 $63,000.00

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