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For the following ordinary annuity, determine the size of the periodic payment. Present Future Value Value $12,200.00 Payment Period 1 month Term of Annuity Interest

For the following ordinary annuity, determine the size of the periodic payment. Present Future Value Value $12,200.00 Payment Period 1 month Term of Annuity Interest Rate 14 years, 3 months 4.4% Conversion Period monthly The payment is a (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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