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(Annuity payments) To buy a new house, you must borrow $155,000. To do this, you take out a $155,000, 30-year, 9 percent mortgage. Your mortgage

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(Annuity payments) To buy a new house, you must borrow $155,000. To do this, you take out a $155,000, 30-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? The amount of your annual payment will be $ (Round to the nearest cont.)

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