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4. The Secure Insurance Corp. offers an annuity due with monthly payments for 20 years at 5.25 percent interest. The annuity contract costs $200,000 today.

4. The Secure Insurance Corp. offers an annuity due with monthly payments for 20 years at 5.25 percent interest. The annuity contract costs $200,000 today. What is the amount of each annuity payment?

Please use excel

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