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JT just bought hurricane insurance coverage for the next 11 years (his coverage begins today and ends 11 years from today). He has agreed to
JT just bought hurricane insurance coverage for the next 11 years (his coverage begins today and ends 11 years from today). He has agreed to pay $4,456 each year starting immediately and making his last $4,456 annual payment at the beginning of year 11. Find the future value of his insurance contract if the interest rate is 7.9 5.80%. Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##
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