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Perry buys a 10 year increasing annuity that pays $3 at the end of the first month,$6 at the end of the second month, and
Perry buys a 10 year increasing annuity that pays $3 at the end of the first month,$6 at the end of the second month, and increases by $3 every month thereafter. If the nominal annual interest rate compounded monthly is 3%, what is the present value of this annuity
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