Question: If a 2 0 - year ordinary annuity has a present value of 2 1 , 3 5 3 , and an interest rate of

If a 20-year ordinary annuity has a present value of 21,353, and an interest rate of 8.9%, what is the amount of each annuity payment to the nearest whole dollar?
 If a 20-year ordinary annuity has a present value of 21,353,

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