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Find the payment made by the ordinary annuity with the given present value. $75,442; monthly payments for 18 years; interest rate is 4.8%, compounded monthly

Find the payment made by the ordinary annuity with the given present value.

$75,442;

monthly payments for

years; interest rate is

4.8%,

compounded monthly

image text in transcribed

Find the payment made by the ordinary annuity with the given present value. $75,442; monthly payments for 18 years; interest rate is 4.8%, compounded monthly The payment is 9 (Simplify your answer. Round to the nearest cent as needed.)

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