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Simon bought a boat valued at $110,194 on the installment plan. He made equal semi-annual payments for 6 years. If the first payment is due

Simon bought a boat valued at $110,194 on the installment plan. He made equal semi-annual payments for 6 years. If the first payment is due on the date of purchase and interest is 7.5% compounded semi-annually, what is the size of the semi-annual payments?

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