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Science-Related Homework Help Mathematics Topic started by: Eieio on Jun 18, 2023



Title: Julio purchased a farm with a down payment of $8500 and 48 semiannual payments of $3000. The first ...
Post by: Eieio on Jun 18, 2023
Julio purchased a farm with a down payment of $8500 and 48 semiannual payments of $3000. The first of these payments is to be made two years after the date of purchase. What was the purchase price of the farm if the interest rate charged on the balance is 14% compounded semiannually?

▸ $41,191.42

▸ $31,424.74

▸ $42,124.47

▸ $39,924.74

▸ $49,691.42


Title: Re: Julio purchased a farm with a down payment of $8500 and 48 semiannual payments of $3000. The first ...
Post by: Napoukah on Jun 18, 2023
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