# Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of...

**kriten**

Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the nearest cent.)

- 9 years ago
- 999999.99

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- annuity_due.xlsx

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