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Tamara is buying a car. Her payments will be $326.25 bi-weekly (at the start of every period) for 5 years. The interest rate is 6.925%
Tamara is buying a car. Her payments will be $326.25 bi-weekly (at the start of every period) for 5 years. The interest rate is 6.925% compounded semi-annually. What would the equivalent cash price of the carb a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $ Tamara is buying a car. Her payments will be $326.25 bi-weekly (at the start of every period) for 5 years. The interest rate is 6.925% compounded semi-annually. What would the equivalent cash price of the carb a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $
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