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( Annuity payments ) To buy a new house, you must borrow $ 1 4 5 , 0 0 0 . To do this, you

(Annuity payments)To buy a new house, you must borrow $145,000. To do this, you take out a $145,000,20-year, 9 percent mortgage. Your mortgage payments, which are made at the end of each year(one payment each year), include both principal and 9 percent interest on the declining balance. How large will your annual payments be?

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