Question: Please be fast solve as early as possible Stephanie purchases a retirement annuity that will pay her $3,000 at the end of every six months

Please be fast solve as early as possible

Please be fast solve as early as possible

Stephanie purchases a retirement annuity that will pay her $3,000 at the end of every six months for the first twelve years and $600 at the end of every month for the next three years. The annuity earns interest at a rate of 2.2% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Stephanie receive from the annuity? Round to the nearest cent

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