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

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For the following ordinary annuity, determine the size of the periodic payment. Present Value Future Value $16,000.00 Payment Period 3 months Term of Annuity Interest Rate 7.5% Conversion Period quarterly 15.5 years 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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