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Lab #5 Close Date: Sun, Oct 23, 2022, 11:59 PM Question 5 of 6 Julia purchases a retirement annuity that will pay her $2,000
Lab #5 Close Date: Sun, Oct 23, 2022, 11:59 PM Question 5 of 6 Julia purchases a retirement annuity that will pay her $2,000 at the end of every six months for the first eleven years and $400 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? $0.00 Round to the nearest cent b. How much interest did Julia receive from the annuity? $0.00 Round to the nearest cent
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