A vacation property valued at $25 000 was bought for 15 payments of $2200 due at the

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A vacation property valued at $25 000 was bought for 15 payments of $2200 due at the end of every 6 months. What nominal annual rate of interest compounded annually was charged?

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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 04:00 AM

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A vacation property valued at $25 000 was bought for 15 payments of $2200 due at the

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PV 25 00000 PMT 220000 n 15 c ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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