Question: Find the payment made by the ordinary annuity with the given present value. $83,318; monthly payments for 32 years; interest rate is 6%, compounded monthly

Find the payment made by the ordinary annuity with the given

Find the payment made by the ordinary annuity with the given present value. $83,318; monthly payments for 32 years; interest rate is 6%, compounded monthly The payment is $ . (Simplify your answer. Round to the nearest cent as needed.)

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