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A contract can be fulfilled by making an immediate payment of $6681, or equal payments at the end of every six months for 3 years.
A contract can be fulfilled by making an immediate payment of $6681, or equal payments at the end of every six months for 3 years. What is the size of the semi-annual payments at 9% per annum compounded annually
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
