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You just bought an annuity and paid $100,000. The annuity will make annual payments for the next 41 years. The payments will be made at

You just bought an annuity and paid $100,000. The annuity will make annual payments for the next 41 years. The payments will be made at the start of every year. You will earn 8.3% which is compounded annually. What is the amount of the annual payment?

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