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.)
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