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If money can earn 5.25% compounded monthly, what is the value of an annuity consisting of annual payments of $2,500 continuing for 16 years? The

If money can earn 5.25% compounded monthly, what is the value of an annuity consisting of annual payments of $2,500 continuing for 16 years? The first payment will be received today.

Please don't copy from Chegg, or I have to report.

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