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Mathematics, 27.02.2021 01:00 lulu8167

A butcher shop knows that it must buy a new machine in 5 years. The machine costs $14,000. In order to accumulate enough money for the machine, the shop owner decides to deposit a sum of money at the end of sach 6 months in an account paying 4% compounded semiannually. How much should each payment be?

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A butcher shop knows that it must buy a new machine in 5 years. The machine costs $14,000. In order...
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