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A corporation creates an annuity and needs to make annual deposits for 15 years. The annual deposits will earn interest at a rate of 6.1%
A corporation creates an annuity and needs to make annual deposits for 15 years. The annual deposits will earn interest at a rate of 6.1% per year, compounded annually. How much should they pay each year, in order to have $17,000,000 at the end of 15 years? Format answer rounded to 2 decimal places, with no dollar signs, no spaces, and no commas.
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