A contract can be fulfilled by making an immediate payment of $9500 or equal payments at the

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A contract can be fulfilled by making an immediate payment of $9500 or equal payments at the end of every six months for eight years. What is the size of the semi-annual payments at 7.4% compounded quarterly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:59 AM

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A contract can be fulfilled by making an immediate payment of $9500 or equal payments at the

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Contemporary Business Mathematics with Canadian Applications

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