Question: Complete the ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment Payment payable Years Interest rate Value
Complete the ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.)
| Amount of payment | Payment payable | Years | Interest rate | Value of annuity | |
| $7,000 | Semiannually | 8 | 7% | $ | |
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