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You get $500 for your birthday, and you want to use that money to make annual donations to a local charity for the next 3

You get $500 for your birthday, and you want to use that money to make annual donations to a local charity for the next 3 years. If the interest rate is 4%, how much will your annual payments be?

Group of answer choices

$180.17

$209.47

$265.10

$134.51

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