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

Michelle purchases a retirement annuity that will pay her $2,000 at the end of every six months for the first nine years and $600 at the end of every month for the next four years. The annuity earns interest at a rate of 2.5% compounded quarterly.

What was the purchase price of the annuity?

How much interest did Michelle receive from the annuity?

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