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How much interest is included in the future value of an ordinary simple annuity of $1,300 paid every six months at 12% compounded semi-annually if
How much interest is included in the future value of an ordinary simple annuity of $1,300 paid every six months at 12% compounded semi-annually if the term of the annuity is 8.5 years? The interest is $0. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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