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The sale of a property provides for payments of $6,000 due at the beginning of every three months for five years. If the payments are
The sale of a property provides for payments of $6,000 due at the beginning of every three months for five years. If the payments are deferred for two years and interest is 9% compounded monthly, what is the cash value of the property?
You MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.
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