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Raina wants to save money to purchase a car. She buys an annuity with monthly payments that earn 2% interest, compounded monthly. Payments will
Raina wants to save money to purchase a car. She buys an annuity with monthly payments that earn 2% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 6 years if each monthly payment is $260. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. $0 5 E
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