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The retail price of a watch is listed as $266000. Nick saves $6500 every half a year for the next 3 years and $17500 every
The retail price of a watch is listed as $266000. Nick saves $6500 every half a year for the next 3 years and $17500 every half a year for the subsequent 4 years. If the interest rate is yielding 13.4% p.a compounded fortnightly, would Nick have enough money to purchase this watch and how much deficit or surplus would result?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
