Question
A library decides to buy a new computer system through Tech Company. They make a down payment of $2,600. If Tech Company charges 7% per
A library decides to buy a new computer system through Tech Company. They make a down payment of $2,600. If Tech Company charges 7% per year compounded quarterly for 2 years, and the library's quarterly payments are $16,000, what is the purchase price of the computer system?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
