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(Annuity payments) The Knutson Corporation needs to save $15 million to retire a(n) $15 million mortgage that matures in 18 years. To retire this mortgage,

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(Annuity payments) The Knutson Corporation needs to save $15 million to retire a(n) $15 million mortgage that matures in 18 years. To retire this mortgage, the company plans to put a fixed amount into an account at the end of each year for 18 years. The Knutson Corporation expects to earn 9 percent annually on the money in this account. What equal annual contribution must the firm make to this account to accumulate the $15 million by the end of 18 years? The equal annual contribution the firm must make to this account is $ (Round to the nearest cent.)

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