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6 1 What price will a finance company pay for a conditional sale contract requiring 18 monthly payments of $200 50, if the company requires

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6 1 What price will a finance company pay for a conditional sale contract requiring 18 monthly payments of $200 50, if the company requires a rate of return of 16% compounded semiannually? The first payment is due one month from now (Do not round intermediate calculations and round your final answer to 2 decimal places.) Price

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