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Suppose $1700 is invested annually into an annuity that earns 7% interest. If P dollars are invested annually at an interest rate of r, the

Suppose $1700 is invested annually into an annuity that earns 7% interest. If P dollars are invested annually at an interest rate of r, the value of the annuity after n years is given by the following equation. How much is the annuity worth after 15 yr?

The annuity will be worth $________

(Do not round until the final answer. Then round to the nearest cent as needed.)

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