Question: Your answer is incorrect. To plan for retirement, Tom deposits $1180 each year in an annuity that pays 7.5% interest, compounded annually. Payments will

Your answer is incorrect. To plan for retirement, Tom deposits $1180 each

Your answer is incorrect. To plan for retirement, Tom deposits $1180 each year in an annuity that pays 7.5% interest, compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 28 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. $0 5

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