Derrick bought a car priced at $9300 for 15% down and equal monthly payments for four years.

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Derrick bought a car priced at $9300 for 15% down and equal monthly payments for four years. If interest is 8% compounded semi-annually, what is the size of the monthly payment?

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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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Derrick bought a car priced at $9300 for 15% down and equal monthly payments for four years.

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FV 0859300 00 i 790500 n 4 n 48 c 212 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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