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Question 1(1 point) What is the accumulated sum of the following stream of payments? $1,853 every year at the end of the year for 12

Question 1(1 point)

What is the accumulated sum of the following stream of payments?

$1,853 every year at the end of the year for 12 years at 8.50 percent, compounded annually.

Round the answer to two decimal places.

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