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How much will it cost to purchase a 15-year constant growth annuity paying $12,600 at the end of every year if it earns 5.5% compounded

How much will it cost to purchase a 15-year constant growth annuity paying $12,600 at the end of every year if it earns 5.5% compounded annually and is indexed to an inflation rate of 2% annually? (Round your final answer to 2 decimal places.)

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