Question 4 Joe and his partners have contracted to purchase

Last updated: 7/5/2023

Question 4 Joe and his partners have contracted to purchase the franchise rights worth 78 000 to open and operate a specialty pizza restaurant called Pepperoni s With a renewable agreement the partners have agreed to make payments at the beginning of every month for three years To accommodate the renovation period Pepperoni s corporate office has agreed to allow the payments to start in one year with interest at 8 49 compounded semi annually What is the amount of each payment