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Kenneth purchased an annuity that had an interest rate of 2 . 7 5 % compounded semi - annually. It provided him with payments of

Kenneth purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It provided him with payments of $1,500 at the end of every month for 6 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it?
Round to the nearest cent

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