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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 $24,500 1

Find the periodic payment for the following simple annuity due. Future Value Present Payment Term of Annuity Interest Rate Conversion Value Period Period $24,500 1 year 7 years 10% 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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