A property worth $15,000.00 is purchased for 10% down and semi-annual payments of $1750.00 for twelve...

 

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A property worth $15,000.00 is purchased for 10% down and semi-annual payments of $1750.00 for twelve years. What is the effective rate of interest if interest is compounded semi-annually? Select one: O O O a. 25.74% b. 22.95% c. 25.73% d. 24.27% A property worth $15,000.00 is purchased for 10% down and semi-annual payments of $1750.00 for twelve years. What is the effective rate of interest if interest is compounded semi-annually? Select one: O O O a. 25.74% b. 22.95% c. 25.73% d. 24.27%