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For the following ordinary annuity, determine the size of the periodic payment. Present Payment Conversion Future Value Value Period Term of Annuity Interest Rate Period

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For the following ordinary annuity, determine the size of the periodic payment. Present Payment Conversion Future Value Value Period Term of Annuity Interest Rate Period $21,700.00 1 month 13.75 years 8.1% monthly The 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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