Question: HW 2 0 : Problem 5 ( 1 point ) Juan purchases an annuity for $ 3 9 4 0 that will make 1 9

HW20: Problem 5
(1 point)
Juan purchases an annuity for $3940 that will make 19 annual payments, the first to come in one year. If the effective rate of interest is 7.7%, how much is each annual payment?
Payment =$
HW20: Problem 5 (1 point) Juan purchases an annuity for $3940

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