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  3. 14. a contract valued at $28 000 requires payments

14. A contract valued at $28 000 requires payments of $6500 every 6 months. The...

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14. A contract valued at $28 000 requires payments of $6500 every 6 months. The first payment is due in 5 years and interest is 12% compounded semi-annually. a. How many payments are required? b. What is the size of the last payment

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