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HW20: Problem 5 Previous Problem Problem List Next Problem (1 point) Juan purchases an annuity for $3360 that will make 23 annual payments, the first

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HW20: Problem 5 Previous Problem Problem List Next Problem (1 point) Juan purchases an annuity for $3360 that will make 23 annual payments, the first to come in one year. If the effective rate of interest is 8.5%, how much is each annual payment? Answer = $

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