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For the following ordinaryannuity, determine the size of the periodic payment. Future Value $16000 Present Value - Payment Period 1 quater Term of Annuity 10
For the following ordinaryannuity, determine the size of the periodic payment.
Future Value $16000
Present Value -
Payment Period 1 quater
Term of Annuity 10 years , 6 months
Interest Rate 6.4%
Conversion Period Quaterly
The periodic payment is $ ________________.
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