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Find the payment R needed to accumulate $14,000 with 84 monthly installments over a period of 7 years at an interest rate of 3.4%/year compounded

Find the payment R needed to accumulate $14,000 with 84 monthly installments over a period of 7 years at an interest rate of 3.4%/year compounded monthly. (Round your answer to the nearest cent.)

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