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12.2.3 What cash payment is equivalent to making payments of $1220.00 at the end of every month for 7 years it interest is 9% per

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12.2.3 What cash payment is equivalent to making payments of $1220.00 at the end of every month for 7 years it interest is 9% per annum compounded semi-annually? The cash payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) La

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