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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 $11,700.00 6 months 11 years, 6 months 9.4% semi-annually The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Enter your answer in the answer box

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