Question
Determine the size of the periodic payment of the following ordinary general annuity. Future Value Payment Period Term of Annuity Interest Rate Conversion Period $17,000
Determine the size of the periodic payment of the following ordinary general annuity.
| Future Value | Payment Period | Term of Annuity | Interest Rate | Conversion Period |
| $17,000 | six months | 3 years | 8.35% | monthly |
The periodic payment is
$nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Study Guide To Accompany Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition
1118300866, 978-1118300862
