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( Annuity payments ) On December 3 1 , Son - Nan Chen borrowed $ 1 1 5 , 0 0 0 , agreeing to
Annuity payments On December SonNan Chen borrowed $ agreeing to repay this sum in equal endofyear installments that include both principal and percent interest on the declining balance. How large will the annual payments beThe amount of each annual payment will be sRound to the nearest cent.
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