Question: What amount will be required to purchase a 20-year annuity paying $1,900.00 at the end of every 6 months, if the annuity provides a return
What amount will be required to purchase a 20-year annuity paying $1,900.00 at the end of every 6 months, if the annuity provides a return of 7.25% compounded monthly? Round to the nearest cent
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