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What price will a finance company pay for a conditional sale contract requiring 15 monthly payments of $230.50, if the company requires a rate of

What price will a finance company pay for a conditional sale contract requiring 15 monthly payments of $230.50, if the company requires a rate of return of 18% compounded semiannually? The first payment is due one month from now. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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