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Practice Assignment Gradebook ORION Downloadable eTextbook signment Exercise 6-16 Ricky Fowler borrowed $70,000 on March 1, 2

nterest at 6% compounded semiannually is to be repaid March 1, 2025. To retire this debt, Ricky plans to contribute to a debt

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT be repaid March 1, 2025. To retire this debt, Ricky plans to contribute to a

Exercise 6-16 Ricky Fowler borrowed $70,000 on March 1, 2015. This amount plus accrued interest at 6% compounded March 1, 202

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Annual contribution to debt retirement fund $ 29,202.00 P (1+r)n P 70,000 r0.06/2 0.03 n 10 x 220 FV of cash flow value of $7

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