Suppose you invest $240,000 in an annuity that returns 4 annual payments, with the first payment one year from now and each subsequent payment growing by 6%. At an interest rate of 9%, how much is the first annual payment you receive? Equivalent problem structure (as a borrower): Suppose you borrow $240,000 to be paid back over 4 years with the first payment one year from now and each subsequent payment growing by 6%. At an interest rate of 9%, how much is the first annual payment? Please round your answer to the nearest hundredth