ind the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. 13,000; quarterly payments for 8 years; interest rate 7.5% ne payment should be $. Do not round until the final answer. Then round to the nearest cent as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.
$13,000; quarterly payments for 8 years; interest rate 7.5%
The payment should be $.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Enter your answer in the answer box.
000
20
F3
esc
D00
F4
F5
F1
F2
Transcribed Image Text:3 of 30 Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $13,000; quarterly payments for 8 years; interest rate 7.5% The payment should be $. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. 000 20 F3 esc D00 F4 F5 F1 F2
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