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Question 3 of 14 months for the first eleven years and $600 at the end of every month for the next four years. The annuity
Question 3 of 14 months for the first eleven years and $600 at the end of every month for the next four years. The annuity earns interest at a rate of 3.5% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Sophie receive from the annuity? Round to the nearest cent Question 3 of 14 months for the first eleven years and $600 at the end of every month for the next four years. The annuity earns interest at a rate of 3.5% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Sophie receive from the annuity? Round to the nearest cent
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