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Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment
Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
Amount of payment | Payment payable | Years | Interest rate | Value of annuity | |
$12,500 | Semiannually | 7 | 8% | $ | |
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