# college maths

A property worth \$15,000.00 is purchased for 10% down and semi-annual payments of \$1750.00 for twelve years. What is the effective rate of interest if interest is compounded semi-annually?

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1. You have \$75 to spend on refreshments for a party. Large bags of chips cost \$2.50 and sodas cost \$0.50. You need to buy exactly five times as many sodas as bags of chips. How many bags of chips and how many sodas can you buy?

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