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A contract can be fulfilled by making an immediate payment of ( $ 3730 ), or equal payments at the end of every month for

image text in transcribed A contract can be fulfilled by making an immediate payment of \\( \\$ 3730 \\), or equal payments at the end of every month for 3 years. What is the size of the monthly payments at \11 per annum compounded annually? The monthly payments are \\( \\$ \\) (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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