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William purchases a retirement annuity that will pay him $2,000 at the end of every six months for the first eleven years and $100 at

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William purchases a retirement annuity that will pay him $2,000 at the end of every six months for the first eleven years and $100 at the end of every month for the next six years. The annuity earns interest at a rate of 3.2% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent 4 b. How much interest did William receive from the annuity

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