Michael Morales invests $7,198.17 now for a series of $1,300 annual payments beginning one year from now. Michael will earn a return of 11% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many annual payments of $1,300 will Michael receive? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25.) Number of annual payments e Textbook and Media Save for Later Attempts: 0 of 3 used Submit