Question: U Sign In or Sign Up X C Math ssignment/4111 Question 3 of 7 Chad purchased an annuity that had an interest rate of 3.00%

U Sign In or Sign Up X C Math ssignment/4111 Question

U Sign In or Sign Up X C Math ssignment/4111 Question 3 of 7 Chad purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided him with payments of $2,500 at the end of every month for 5 years. If the first withdrawal is to be made in 3 years and 1 month, how much did he pay for it? Round to the nearest cent Submit Question Next Question UN CO

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