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Kiara purchases a retirement annuity that will pay her $2,000 at the end of every six months for the first eleven years and $600 at

Kiara purchases a retirement annuity that will pay her $2,000 at the end of every six months for the first eleven years and $600 at the end of every month for the next four years. The annuity earns interest at a rate of 5.9% compounded quarterly.

A. What was the purchase price of the annuity?

B. How much interest did Kiara receive from the annuity?

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