MATT AND HIS PARTNERS HAVE CONTRACTED TO PURCHASE THE FRANCHISE RIGHTS, WORTH $76000 TO OPEN AND OPERATE A SPECIALITY OF PIZZA RESTAURANT CALLED PEPERONNIS. WITH A RENEWABLE AGREEMENT THE PARTNERS HAVE AGREED TO MAKE PAYMENTS AT THE BEGINING OF EVERY THREE MONTHS FOR FOUR YEARS. TO ACCOMODATE THE RENOVATION PERIOD, PEPPERONIS CORPORATE OFFICE HAS AGREED TO ALLOW PAYMENTS TO START IN ONE YEAR, WITH INTEREST AT 7.32% COMPOUND ANNUALY L. WHAT IS THE AMOUNT OF EACH PAYMENT?

(Round the final answer to the nearest cent as needed.)

The anount of osch gayment is 1