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An ordinary annuity selling at $9,697.45 today promises to make equal payments at the end of each year for the nest eight years (N). If

An ordinary annuity selling at $9,697.45 today promises to make equal payments at the end of each year for the nest eight years (N). If the annuity's appropriate interest rate(I) remains at 8.00% during this time, the annual annuity payment (PMT) will be __________.

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