Question: River Babylon, an archaeology professor, invests ( $ 85,000 ) in a parcel of land that is expected to increase in value by 14 percent

$River Babylon, an archaeology professor, invests \$ \\$ 85,000 \$ in$

River Babylon, an archaeology professor, invests \$ \\$ 85,000 \$ in a parcel of land that is expected to increase in value by 14 percent per year for the next five years. He will take the proceeds and provide himself with a 20 -year annuity. Assuming a 14 percent interest rate, how much the payments will be for the annuity? (Use a Financial calculator to arrive at the answer, Do not round intermediate calculations. Round your final answer to 2 decimal places.) Annuity value

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