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To plan for retirement, Chau deposits $ 1 3 8 2 each year in an annuity that pays 7 . 4 % interest, compounded annually.

To plan for retirement, Chau deposits $

1382

each year in an annuity that pays

7.4 %

interest, compounded annually. Payments will be made at the wnd of each year. Find the total value of the annuity in

25

years.

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