Big Company purchased a machine on February 1, 2013, and will make seven semiannual payments of $28,000
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Big Company purchased a machine on February 1, 2013, and will make seven semiannual payments of $28,000 beginning five years from the date of purchase. The interest rate will be 12%, compounded semiannually. Determine the purchase price of the machine.
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92517 28000 55824 156307 Table IV 156307 16895 92517 Table 1 or 28000 59173 165684 Ta...View the full answer
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