Calculate the periodic payment for the following ordinary annuity.
Definitions:
Delivery Performance
A measurement of how well a company can meet its promised delivery times to customers.
Delivery Cycle Time
The total time taken from receipt of a customer order to the delivery of the product or service.
Fill Orders
The process of preparing and delivering products or services as per customer requests or purchase orders.
Manufacturing Cycle Efficiency
A performance metric that measures the proportion of value-added time to the total lead time within the manufacturing process.
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