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A winner of the multi-state lotto won a one-time payout and decided to invest part of it into an annuity. If the winner invests $6,300,000.00
A winner of the multi-state lotto won a one-time payout and decided to invest part of it into an annuity. If the winner invests $6,300,000.00 into a 30 year annuity that pays 3.6%, compounded monthly and makes each month payments. What is the amount of each month payments?(Round to 2 decimal places.)
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