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ou borrowed $20 000.00 from your mother to buy a roll-on/roll-off car trailer to tow your Ford Bronco to classic car meets. Your mother's agreement
ou borrowed $20 000.00 from your mother to buy a roll-on/roll-off car trailer to tow your Ford Bronco to classic car meets. Your mother's agreement calls for equal payments at the end of each month for 10 years. The payments are deferred for 4 years and interest is 4.00% compounded semi-annually. What is the size of the monthly payments? Question 11 options: $3650.89 23433.19 $236.88 $6530.89
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