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a) A property was purchased for $11502.00 down and payments of $3186.00 at the end of every month for 7 years. Interest is 11% per
a) A property was purchased for $11502.00 down and payments of $3186.00 at the end of every month for 7 years. Interest is 11% per annum compounded annually. What was the purchase price of the property? What nominal annual rate of interest compounded semi-annually was paid if contributions of $728.64 made into an RRSP at the beginning of every six months amounted to $29,000 after thirteen years
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