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Gibran bought a boat valued at $110,194.00 on the installment plan. He made equal semi-annual...

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Accounting

  1. Gibran bought a boat valued at $110,194.00 on the installment plan. He made equal semi-annual payments for 6 years. If the first payment is due on the date of purchase and interest is 7.5% compounded semi-annually, what is the size of the semi-annual payments?

    $11153.47

    $11032.21

    $11458.82

    $10293.45

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