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Suppose you invest $220,000 in an annuity that returns constant annual payments over 11 years, with the first payment one year from now. At an

Suppose you invest $220,000 in an annuity that returns constant annual payments over 11 years, with the first payment one year from now. At an interest rate of 12%, how much is the annual payment you receive?

Please round your answer to the nearest hundredth.

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