Question

Find the payment that should be used for the annuity due whose future value is given....

Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.

$17,000; monthly payments for 9 years; interest rate 9.1%

The payment should be $

(Do not round until the final answer. Then round to the nearest cent as needed.)

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