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West Atlanta Corp. currently has a bank loan outstanding that requires it to make five annual payments at the end of the next five years

West Atlanta Corp. currently has a bank loan outstanding that requires it to make five annual payments at the end of the next five years or to skip making the next four payments in lieu of making one large payment at the end of the loan's term in five years in the amount of $4,000,000. When the interest rate on the loan is 4%, estimate the annual payment the bank will require to make West Atlanta Corp. indifferent between the two forms of payments.

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