An injured worker submits a Workers Compensation claim. It is decided that she is entitled^to annual medical payments of 20,000 a for the next 10 years and equal annual indemnity payments for the next 20 years. The medical payments will begin immediately, and the indemnity payments will begin in one year's time. The insurance company has established a fund of 680,000 to support these payments. Find the amount of each annual indemnity payment assuming / = .07.

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