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Reference no: EM131985647

When Heather Bruce opened her law office, she bought $14,000 worth of law books and $7200 worth of office furniture. She paid $1200 down and agreed to amortize the balance with semiannual payments for 5 years, at 8% compounded semiannually.

(a) Find the amount of each payment.

Reference no: EM131985647

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Reference no: EM131985647

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