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(1 point) Suppose that an annuity produces one payment per year for 20 years, starting on July 4, 1776. If the nominal rate of interest

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(1 point) Suppose that an annuity produces one payment per year for 20 years, starting on July 4, 1776. If the nominal rate of interest is 9.1 percent convertible semiannually, and the present value of the annuity on July 4, 1775 is 4100 dollars, how much is the annual payment? Annual Payment = dollars

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