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How much must the company borrow? today

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Edmonton Pizza borrowed money to redesign their restaurants. Payments of ?$1,060 would be made at the beginning of each month for three ?years, starting in eighteen months. Interest on the loan is 7.63?% compounded semi-annually.

?(a) How much must the company borrow? today?

?(b) What will be the amount of the total? payments?

?(c) How much of the amount paid will be? interest?

Reference no: EM132972805

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