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Candy Company sells an asset with a$3,000,000 fair value to Emily,Inc.Emily agrees to make 6 equal payments,each to be paid one year apart,starting on the

Candy Company sells an asset with a$3,000,000 fair value to Emily,Inc.Emily agrees to make 6 equal payments,each to be paid one year apart,starting on the date of sale.The payments include

principal and 3%annual interest.What is the required annual installment payment?

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