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Uptown Insurance offers an annuity due with quarterly payments for 25 years at 8 percent interest. The annuity costs $200,000 today. What is the amount

Uptown Insurance offers an annuity due with quarterly payments for 25 years at 8 percent interest. The annuity costs $200,000 today. What is the amount of each annuity payment? Round up to the 2nd decimal

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