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Find the periodic payment for the following simple annuity due. Future Value Present Value $24,400 Payment Period 6 months Term of Annuity Interest Rate 6

Find the periodic payment for the following simple annuity due.

Future Value

Present

Value

$24,400

Payment

Period

6 months

Term of Annuity Interest Rate

6 years

Conversion

Period semi-annually

Find the periodic payment for the following simple annuity due. The periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed

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