Question: Solution to this accounting problem please show work thank you in advance. Kanye wants to save $16,000 in 7 years by making monthly payments into

Solution to this accounting problem please show work thank you in advance.

Kanye wants to save $16,000 in 7 years by making monthly payments into an ordinary annuity for a down payment on a condominium at the shore. If the annuity pays 0.6% monthly interest, what will his monthly payment be? His monthly payment will be s (Round up to the nearest cent)

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