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Determine the size of the periodic payment of the following ordinary general annuity. Future Value Payment Period Term of Annuity Interest Rate Conversion Period $16
Determine the size of the periodic payment of the following ordinary general annuity.
Future Value
Payment Period
Term of Annuity
Interest Rate
Conversion Period
$16 comma 500
six months
9 years
11.4%
quarterly
The periodic payment is $
nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as
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Eoc Only Davis Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
2nd Edition
111883464X, 978-1118834640
