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You are thinking about buying a piece of art that costs $20,000. The art dealer is proposing the following deal Ho will lend you the

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You are thinking about buying a piece of art that costs $20,000. The art dealer is proposing the following deal Ho will lend you the money, and you will repay the loan by making the same payment every two years for the next 20 years (ie, a total of 10 payments). I the interest rate is 9% per your how much will you have to pay every two years? Every two years the payment is $(Round to the nearest dolar.)

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