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You invest in a five year annuity due that pays $ 2 0 0 each year, assuming an interest rate of 5 % . On

You invest in a five year annuity due that pays $200 each year, assuming an interest rate of 5%. On the same day that you receive the final payment, you invest the total amount of money (including the interest earned on interest) in a CD that generates 4% a year, for four years. What is the value of your investment when the CD matures (i.e. after holding the CD for four years?). Round to the nearest cent.

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