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To plan for retirement, Bob deposits $1247 each year in an annuity that pays 7% interest, compounded annually. Payments will be made at the end
To plan for retirement, Bob deposits $1247 each year in an annuity that pays 7% interest, compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 26 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
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