Abbie bought a vacation property for $7,750 down and quarterly mortgage payments of $1224.51 at the end
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Abbie bought a vacation property for $7,750 down and quarterly mortgage payments of $1224.51 at the end of each quarter for six years. Interest rate is 8.4% p.a. compounded quarterly. What was the purchase price of the property for Abbie?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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