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What price will a finance company pay for a conditional sale contract requiring 12 monthly payments of $195.50. If the company requires a rate of

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What price will a finance company pay for a conditional sale contract requiring 12 monthly payments of $195.50. If the company requires a rate of return of 15% compounded semiannually? The first payment is due one month from now. Do not round Interme calculations and round your final answer to 2 decimal places.) Price

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