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Find the periodic payment for the following simple annuity due. Future Value $21,200 Present Value...

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Question

Accounting

Find the periodic payment for the following simple annuity due.

Future Value $21,200

Present Value _________?

Payment Period 1 month

Term of Annuity 10 years

Interest Rate 11%

Conversion Period monthly

The periodic 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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