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When I went to my brother's house, I saw that he had a beautiful new amateur radio transmitter. He said that he bought it with

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When I went to my brother's house, I saw that he had a beautiful new amateur radio transmitter. He said that he bought it with a down payment of $500 and monthly payments of $50 for one year. Interest is 6% compounded semi-annually. What was the cash price of the radio? No decimal places

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