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CoursHeroTranscribedText: Determine the size of the periodic payment of the following ordinary general annuity. Present Value Payment Period Term of Annuity Interest Rate Conversion Period

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CoursHeroTranscribedText: Determine the size of the periodic payment of the following ordinary general annuity. Present Value Payment Period Term of Annuity Interest Rate Conversion Period $4000 6 months 3 years 7% quarterly The periodic 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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