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What is the present value of sofia payments

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Reference no: EM133051130

Sofia Gonzalez Castillon bought a vacation property for $10,087.30 down and $1,600 every half-year for ten years. Interest is 9% compounded semi-annually.

a.) How much money will Sofia actually contribute?

b.) What is the present value of Sofia's payments?

c.) How much did the vacation property cost?

Reference no: EM133051130

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