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For the following ordinary annuity, determine the size of the periodic payment. The payment is $ (Round the final answer to the nearest cent as

image text in transcribedimage text in transcribed For the following ordinary annuity, determine the size of the periodic payment. The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below. The purchase price of the bond 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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