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20. A property worth $26,000 is purchased for 10% down and payments of $1,838 at the end of every three months for 4 years. What
20. A property worth $26,000 is purchased for 10% down and payments of $1,838 at the end of every three months for 4 years. What is the nominal annual rate of interest?
The nominal annual rate of interest is approximately _____% compounded quarterly.
21. How much will deposits of $210 made at the end of each 6 months amount to after 5 years if interest is 2% compounded annually?
The deposits will amount to $_____.
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