What is the equivalent amount of new income

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Reference no: EM13804971

A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $29,000. If the company wants to recover cost in 2 years, what is the equivalent amount of new income that must be received every 6 months if the interest rate is 8% per quarter?

(Round your answer to 2 decimal points and don't use the $ sign in your answer)

Reference no: EM13804971

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