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What series of equal payments are equivalent to the following present amounts? a) $12,000 in 8 years at 6% compounded semi-annually with semi-annual payments b)
What series of equal payments are equivalent to the following present amounts?
a) $12,000 in 8 years at 6% compounded semi-annually with semi-annual payments
b) $40,000 in 5 years at 12% compounded montly with monthly payments;
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