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For the following ordinary annuity, determine the size of the periodic payment. Future Present Payment Value Value Period $20,900.00 1 quarter Term of Annuity
For the following ordinary annuity, determine the size of the periodic payment. Future Present Payment Value Value Period $20,900.00 1 quarter Term of Annuity Interest Rate 16 years, 3 months 7.2% Conversion Period quarterly 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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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
