Question

Suppose a friend tells you about an annuity that pays 6% annual interest. You invest in...

Suppose a friend tells you about an annuity that pays 6% annual interest. You invest in the annuity contributing $10,000 semiannually for 6 years. What is the value of the annuity after your last investment? Enter your answer rounded to the nearest hundred dollars and omit the dollar sign and comma (For example, $42,570.21 should be entered as 42600.)

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