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A sales contract requires 10 semiannual payments of $2,500 made at the end of every six months. What amount will a finance company pay for
A sales contract requires 10 semiannual payments of $2,500 made at the end of every six months. What amount will a finance company pay for the contract on the date of the sale to yield a rate of return of 15% compounded quarterly? $30,998.91
$35,604.16'
$17,050.56
$20,601.87
$25,215.94
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