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A contract can be fulfilled by making an immediate payment of $20300 or equal payments at the end of EACH MONTH for 10 years. What

A contract can be fulfilled by making an immediate payment of $20300 or equal payments at the end of EACH MONTH for 10 years. What is the size of the payments at 11.4% compounded MONTHLYQuestion content area bottom Part 1 The payment is $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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