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Julia stops in the Common Ground Coffee shop 15 times a month to drink a $3.25 coffee. After studying annuities, she decides to forgo the coffee and, at the end of each month, invest the amount she had been spending on coffee in an annuity paying 4.8% per year compounded monthly. If she continues this for 35 years, how much will the annuity be worth?
Sagot :
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