Find the periodic payment which will amount to a sum of $16000 if an interest rate 8% is compounded annually at the end of 19 consecutive years. The periodic payment is $__ (enter your response here.) --
Find the periodic payment which will amount to a sum of $16000 if an interest rate 8% is compounded annually at the end of 19 consecutive years. The periodic payment is $__ (enter your response here.) --
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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