Carl is the beneficiary of a $$20,000$ trust fund set up for him by his grandparents. Under the terms of the trust, he is to receive the money over a $5-$year period in equal installments at the end of each year. If the fund earns interest at the rate of $5\%/$year compounded annually, what amount will he receive each year? $($Round your answer to the nearest cent.$)$

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