Question: #2.) Starting today Sandy sets aside $12,000 at the beginning of each year in a bank account that pays annual effective interest of 5.5%. She

#2.) Starting today Sandy sets aside $12,000 at the beginning of

#2.) Starting today Sandy sets aside $12,000 at the beginning of each year in a bank account that pays annual effective interest of 5.5%. She makes 25 deposits. Thirty years from today Sandy takes the amount accumulated in the account to purchase an annuity that pays $X at the beginning of each year for 25 years. Find X

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