Previous Problem Problem List Next Problem (1 point) Robert is repaying a debt with 23 annual payments of 1200 dollars each, the first coming a year from now. At the end of the 4th year, he makes an extra payment of 2400 dollars. He then shortens his remaining payment period by 2 years, and makes level payments over the remaining time. If the effective rate of interest is 8.7 percent, how large is his new annual payment? Answer - 234191 dollars Preview My Answers Submit Answers