Question 3: (10 points) SHOW YOUR CALCULATION Calculate a balance of sale price of $43 400 at 5% compounded semi-annuall

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Question 3: (10 points) SHOW YOUR CALCULATION Calculate a balance of sale price of $43 400 at 5% compounded semi-annuall

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Question 3: (10 points) SHOW YOUR CALCULATION Calculate a
balance of sale price of $43 400 at 5% compounded semi-annually
with monthly interest-only payments for 2 years.
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Balance
of sale price = $_____________________________________
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