Question

Assume that the compounding period is the same as the payment period $17,000, quarterly payments for 8 years, interest rate 4.3%


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 $17,000, quarterly payments for 8 years, interest rate 4.3% 


The payment should be _______ 

(Do not round until the final answer. Then round to the nearest cent as needed.)

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