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A debt of $8000 is to be amortized with 4 equal semiannual payments. If the interest rate is 9%, compounded semiannually, what is the size
A debt of $8000 is to be amortized with 4 equal semiannual payments. If the interest rate is 9%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.)
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
