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(4 points) Juan purchases an annuity for 4230 dollars that will make 16 annual payments, the first to come in one year. If the effective

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(4 points) Juan purchases an annuity for 4230 dollars that will make 16 annual payments, the first to come in one year. If the effective rate of interest is 10.4 percent, how much is each annual payment? Answer = !! dollars

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