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.1Use the appropriate formula to find the value of the annuity.

2. Find the interest.


Periodic DepositRateTime​: $120  at the end of every six months

3.5% compounded semiannually 

10 years

a.a.
The value of the annuity is ​$
​(Do not round until the final answer. Then round to the nearest dollar as​ needed.)

b.b.
The interest is $ 

    • 4 years ago
    • 1
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