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How much interest is included in the future value of an ordinary simple annuity of $850 paid every six months at 7% compounded semi-annually if

How much interest is included in the future value of an ordinary simple annuity of

$850

paid every six months at

7%

compounded

semi-annually

if the term of the annuity is

5

years?

image text in transcribed

The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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