Question: 8. [-/7.69 Points] DETAILS TANFIN12 5.3.016. Submit Answer MY NOTES ASK YOUR TEACHER Suppose payments were made at the end of each month into an

8. [-/7.69 Points] DETAILS TANFIN12 5.3.016. Submit Answer MY NOTES ASK YOUR TEACHER Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 2.5% / year compounded monthly. If the future value of the annuity after 14 years is $70,000, what was the size of each payment? (Round your answer to the nearest cent.) $

1. [77.69 Paints DETAIIS TANFIN125.3016. MY NoTES ASK YOUR TEACHER

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