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Johnny would like to accumulate $ 1 2 0 0 0 through semi annual payments of $ 1 7 0 0 . If he earns
Johnny would like to accumulate $ through semi annual payments of $ If he earns interest at a rate of
j
determine each of the following:
a The number of full payments required.
Answer: full payments
b The size of the final smaller payment.
Answer: $
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