Question: 5. value: 10.00 points What amount will be required to purchase a 23-year annuity paying $2700 at the end of each month, if the annuity

5. value: 10.00 points What amount will be required to purchase

5. value: 10.00 points What amount will be required to purchase a 23-year annuity paying $2700 at the end of each month, if the annuity provides a return of 6.75% compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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