Question 5 of 6 Bradley purchases a retirement annuity that will pay him $1,500 at...
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Question 5 of 6 Bradley purchases a retirement annuity that will pay him $1,500 at the end of every six months for the first ten years and $300 at the end of every month for the next four years. The annuity earns interest at a rate of 3.5% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Bradley receive from the annuity
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