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A site is sold for 2,000 down and 6 semiannual payments of 1,500, the first due at the end of 3 years. Find the cash

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A site is sold for 2,000 down and 6 semiannual payments of 1,500, the first due at the end of 3 years. Find the cash value of the site if money is worth 12% compounded quarterly. (a) 14, 228.52 (b) 7, 472.94 (c) 11, 630.92 (d) 13, 213.12

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