Marissa purchases a retirement annuity that will pay her $1,000 at the end of every six months for the first eleven year

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answerhappygod
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Marissa purchases a retirement annuity that will pay her $1,000 at the end of every six months for the first eleven year

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Marissa purchases a retirement annuity that will pay her $1,000at the end of every six months for the first eleven years and $900at the end of every month for the next six years. The annuity earnsinterest at a rate of 4.2% compounded quarterly. a. What was thepurchase price of the annuity? $0.00 Round to the nearest cent b.How much interest did Marissa receive from the annuity? $0.00 Roundto the nearest cent.
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