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03-10-2022
Mathematics

Answered

Martina wants to save money to purchase a car, She buys an annuity with monthly payments that earn 2.1% interest, compounded monthly. Payments will be
made at the end of each month. Find the total value of the annuity in 5 years if each monthly payment is $279.
Do not round any intermediate computations,
and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.

Answer :

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