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Lola is purchasing property worth $1,060,000 with a down payment of $212,000 and quarterly payments at the end of every three months for 30 years.
Lola is purchasing property worth $1,060,000 with a down payment of $212,000 and quarterly payments at the end of every three months for 30 years. If the interest rate of 2.07% compounded semi-annually for the 30 years: (a) What is the amount of each payment?
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
