For the following ordinary annuity, determine the size of the periodic payment Present Payment Period 1 month Conversion Future Value Value Term of Annuity Interest Rate 9 years, 9 months Period...


For the following ordinary annuity, determine the size of the periodic payment<br>Present<br>Payment<br>Period<br>1 month<br>Conversion<br>Future Value Value<br>Term of Annuity Interest Rate<br>9 years, 9 months<br>Period<br>$12,200 00<br>88%<br>monthly<br>The payment is $<br>(Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)<br>

Extracted text: For the following ordinary annuity, determine the size of the periodic payment Present Payment Period 1 month Conversion Future Value Value Term of Annuity Interest Rate 9 years, 9 months Period $12,200 00 88% monthly The payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)

Jun 09, 2022
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