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A contract valued at $27,500 requires payments of $6000 every six months. The first payment is due in four years and interest is 11% compounded
A contract valued at $27,500 requires payments of $6000 every six months. The first payment is due in four years and interest is 11% compounded semi-annually. What is the size of the last payment?How much will be paid in total? How much of what is paid in total?
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