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Jim Griffin invested$ 8000 four times a year in an annuity due at Pacific Securities Company for a period of4 years at an interest rate

Jim Griffin invested$8000four times a year in an annuity due at Pacific Securities Company for a period of4

years at an interest rate of12%

compounded quarterly. Using theordinary annuity table, calculate the total value of the annuity due at the end of the4-year period.

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