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Calculate the annual payouts C to be given for 1 5 years with an interest rate of 8 % on an annuity with a present

Calculate the annual payouts

C

to be given for

15

years with an interest rate of

8 %

on an annuity with a present of value of $

150, 000 .

Round your answer to the nearest cent. Do not include the dollar sign in your answer.

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