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Scott wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of $78 that pays 3.8% interest, compounded

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Scott wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of $78 that pays 3.8% interest, compounded quarterly Payments will be made at the end of each quarter. Find the total value of the annuity in 7 years Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. X

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