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(1 point) An account currently has a balance of $975000 and is being used to support an award for a volunteer of the year. For

(1 point) An account currently has a balance of $975000 and is being used to support an award for a volunteer of the year. For the first 5 years the recipient will receive $R, afterward the recipient will receive $2.75R. If the account earns interest at j1j1 = 6%, what is R?

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