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Find the periodic payment for the following simple annuity due. Future Value Present Payment Term of Annuity Interest Rate Conversion Value Period Period $23,400 12

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Find the periodic payment for the following simple annuity due. Future Value Present Payment Term of Annuity Interest Rate Conversion Value Period Period $23,400 12 years 8% annually 1 year 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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