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