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Sara Shouppe has invested $100,000 in an account at her local bank. The bank will pay her an equal annual amount at the end of
Sara Shouppe has invested $100,000 in an account at her local bank. The bank will pay her an equal annual amount at the end of each year for 6 years, starting one year from today, and the account's balance will be zero at the end of the sixth year. If the bank has promised Ms. Shouppe 9% interest, how much will the bank have to pay her each year?
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