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What cash payment is equivalent to making payments of $1300.00 at the end of every three months for 5 years if interest is 4%
What cash payment is equivalent to making payments of $1300.00 at the end of every three months for 5 years if interest is 4% per annum compounded semi-annually? The cash payment is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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