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Answer to Question #295444 in Financial Math for Ella
Question #295444
A buyer and a seller agreed following about the price of an earth mover: The buyer pays
- 13215 € after 4 months and
- 71709 € after 8 months
Calculate the price of an earth mover, when the whole purchase price is paid after 6 months from the purchase moment. Use annual interest rate of 3.8 %
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