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Calculate the each installment payment

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Question - Pope Industries purchased a machine from Fitz Corporation on October 1, 2016. In payment for the $136,200 purchase, Pope issued a two year installment note to be paid in equal semi-annual payments at the end of each 6 month period. The payments include interest at an annual rate of 12%. Calculate the each installment payment?

Reference no: EM132646152

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