Question: Question 7 (5 points] What amount will be required to purchase a 22-year annuity paying $1,400 at the end of every 3 months, if the

Question 7 (5 points] What amount will be required to purchase

Question 7 (5 points] What amount will be required to purchase a 22-year annuity paying $1,400 at the end of every 3 months, if the annuity provides a return of 3.75% compounded semiannually For marks your answer(s) should be rounded to the nearest cent Present value = $ 0.00

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