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Mike O'Brien plans to deposit $1250 at the end of every 6 months for the next 8 years at 6% interest compounded semiannually. What is

Mike O'Brien plans to deposit $1250 at the end of every 6 months for the next 8 years at 6% interest compounded semiannually. What is the value of Mike's annuity at the end of 8 years?

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