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Determine the size of the periodic payment of the following ordinary general annuity. The periodic payment is $____. (Round the final answer to the nearest

Determine the size of the periodic payment of the following ordinary general annuity.

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The periodic payment is $____.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Present Value Payment Period Term of Annuity Interest Rate Conversion Period quarterly $13,100 1 year 6 years 7.7%

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