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A sailboat valued at $25,000 was bought for 15 payments of $ 2200 due at the beginning of every 6 months. ( Use BGN mode)
A sailboat valued at $25,000 was bought for 15 payments of $ 2200 due at the beginning of every 6 months. ( Use BGN mode)
What was the rate of interest compounded quarterly ? Round to 2 places and please show work.
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
