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Edmonton Pizza borrowed money to redesign their restaurants. Payments of $1,520 would be made at the beginning of each month for three years, starting in
Edmonton Pizza borrowed money to redesign their restaurants. Payments of $1,520 would be made at the beginning of each month for three years, starting in six months. Interest on the loan is 7.83% compounded semi-annually (a) How much must the company borrow today? (b) What will be the amount of the total payments? (c) How much of the amount paid will be interest? a) The company must borrow $ today. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The amount of the total payments will be s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) C) The amount of interest will be 5 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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