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Home Q & A Board Science-Related Homework Help Mathematics
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Eieio Eieio
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A year ago
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
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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NapoukahNapoukah
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A year ago
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Eieio Author
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A year ago
Smart ... Thanks!
apelton
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Yesterday
Helped a lot
lipop
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2 hours ago
You make an excellent tutor!
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