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Jerry wants to save up $16000 so he can buy a new truck in 8 years. He wants to make yearly payments, with the first

Jerry wants to save up $16000 so he can buy a new truck in 8 years. He wants to make yearly payments, with the first made today, to a saving account, for 8 payments in total. If he can earnj1=2.5% on his money, what is the size of his yearly payments.

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