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CZ Enterprises borrows $202,773 at an interest rate of 14% today and will repay this amount by making 10 semiannual payments. Payments begin in six
CZ Enterprises borrows $202,773 at an interest rate of 14% today and will repay this amount by making 10 semiannual payments. Payments begin in six months. What is the amount of the payments that CZ will need to make? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.) (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) CZ will need to make payments of (Click the icon to view the Present Value of an Annuity Due table.)
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