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For the following ordinary annuity, determine the size of the periodic payment. Present Value Future Value $5,600.00 Payment Period 3 months Term of Annuity Interest

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For the following ordinary annuity, determine the size of the periodic payment. Present Value Future Value $5,600.00 Payment Period 3 months Term of Annuity Interest Rate 16 years, 3 months 4.5% Conversion Period quarterly The periodic payment is $0. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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