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If a 9-year ordinary annuity has a present value of 160,000, and if the interest rate is 9 percent, what is the amount of each

If a 9-year ordinary annuity has a present value of 160,000, and if the interest rate is 9 percent, what is the amount of each annuity payment?

An ordinary annuity is a series of equal payments made at the end of each year.

(Round your answer to the nearest ).

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