speedy2846 speedy2846
  • 25-02-2024
  • Business
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A corporation makes a payment of $1.25 million at the end of 2017 for services rendered by a large database company. With an annual interest rate of 18%, what annual payments at the end of years 2017 through 2022 will be equivalent to $1.25 million at the end of 2017?
The equivalent annual payments are $ ___ (Round to the nearest dollar.)

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