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

Paul purchased an annuity that had an interest rate of 2.75% compounded semi- annually. It provided her with payments of $3,000 at the end of every month for 5 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? Round to the nearest cent Question 2 of 7 K SUBMIT QUESTION

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