For the following ordinary annuity, determine the size of the periodic payment.

Future Value	Present Value	Payment Period	Term of Annuity	Interest Rate	Conversion Period
	$13,000.00	1 month	8.5 years	7.3%	monthly

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Part 1

The payment is

$enter your response here.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)