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2. Tim bought a boat valued at $10,104 by agreeing to make semi-annual payments for five years. If the first payment is due on the

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2. Tim bought a boat valued at $10,104 by agreeing to make semi-annual payments for five years. If the first payment is due on the date of purchase and interest is 8.8% compounded semi-annually, what is the size of the semi-annual payment? olo 4 lol o 4 Io1o4 Dl0 3016454 r 141 -(1t1)

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