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    Exam 9: Compound Interest: Further Topics and Applications
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    A $9,000 Payment on March 1 Was Not Paid
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A $9,000 Payment on March 1 Was Not Paid

Question 169

Question 169

True/False

A $9,000 payment on March 1 was not paid. Instead $9,140.65 was paid earning 6.3% interest compounded semi-annually. The payment was made on July 1.

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