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Question 8 of 20 An annuity provides $7,100 at the end of every month for 8 years and earns an interest rate of 4.5% compounded
Question 8 of 20 An annuity provides $7,100 at the end of every month for 8 years and earns an interest rate of 4.5% compounded monthly. a. What would be the purchase price of the annuity? Round to the nearest cent b. What is the total amount of interest earned? Round to the nearest cent
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