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Flin Flon Aqua Club bought swimming equipment on a contract requiring monthly payments of $815.50 for 4 years beginning 11 months after the date of

Flin Flon Aqua Club bought swimming equipment on a contract requiring monthly payments of $815.50 for 4 years beginning 11 months after the date of purchase. What was the cash value of the equipment if interest is 7.8% compounded monthly

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