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1 Find the periodic payment that will amount to the sum S = $25,000, with interest at 7-% compounded annually, and payments made at
1 Find the periodic payment that will amount to the sum S = $25,000, with interest at 7-% compounded annually, and payments made at the end of each year for 8 years. Click here to view the page 1 of the interest table for rate 6.5%. Click here to view the page 2 of the interest table for rate 6.5%. Click here to view the page 1 of the interest table for rate 7.5%. Click here to view the page 2 of the interest table for rate 7.5%. 2 The periodic payment will be $. (Round to the nearest cent as needed.)
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