Find the accumulated value of this annuity at the end

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Reference no: EM131984080

Serena receives a fifty-year annuity-due that has payments that start at $3,000 and increase by 3% per year through the twenty-fourth payment, then stay level at $6,000.

Find the accumulated value of this annuity at the end of fifty years if the annual effective rate of interest remains 4.7% throughout the time of the annuity. (Round your answer to the nearest cent.)

Reference no: EM131984080

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