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A vacation property is bought for $3000 down and payments of $1000 at the end of each six months for 12 years. The interest rate

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A vacation property is bought for $3000 down and payments of $1000 at the end of each six months for 12 years. The interest rate is 7% compounded semi-annually. What is the cash value? Select one: a. 21.058.37 b. 17.058.37 c. 19,058.37 d. 20,058.37 e. 18,058.37

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