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Find the periodic payment for the following simple annuity due. Term of Annuity Interest Rate Future Value Present Value $17,700 Payment Period Conversion Period 1

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Find the periodic payment for the following simple annuity due. Term of Annuity Interest Rate Future Value Present Value $17,700 Payment Period Conversion Period 1 year 10 years 4% annually 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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