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For the following ordinary annuity, determine the size of the periodic payment. Previous question Present Future Value Value $19,400.00 Payment Period 1 month Term of

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For the following ordinary annuity, determine the size of the periodic payment. Previous question Present Future Value Value $19,400.00 Payment Period 1 month Term of Annuity Interest Rate 10.7% Conversion Period monthly 16 years 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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