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Lorena's Cart took out a loan from the bank today for $ 2 4 8 , 2 0 0 . 0 0 . The loan

Lorena's Cart took out a loan from the bank today for $248,200.00. The loan requires Lorena's Cart to make a special payment of $86,900.00 to the bank in 3 years and also make regular, fixed payments of X to the bank each year forever. The interest rate on the loan is 9.00 percent per year and the first regular, fixed annual payment of X will be made to the bank in 1 year. What is X, the amount of the regular, fixed annual payment?
$16,298.75(plus or minus 3 dollars)
$14,517.00(plus or minus 3 dollars)
$67,102.74(plus or minus 3 dollars)
$22,338.00(plus or minus 3 dollars)
none of the answers are within 3 dollars of the correct answer

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