Question

For the following ordinary​ annuity, determine the size of the periodic payment. Future Value Present Value...

For the following ordinary​ annuity, determine the size of the periodic payment.

Future Value

Present

Value

Payment Period

Term of Annuity

Interest Rate

Conversion Period

$19,300.00

1 quarter

14 years

10.5​%

quarterly

The payment is ​$__.

​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

Homework Answers

Answer #1

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