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A property was purchased for $ 3 6 0 7 . 0 0 down and payments of $ 1 1 2 3 . 0 0
A property was purchased for $ down and payments of $ at the end of every year for years. Interest is per annum compounded semi dash annually. What was the purchase price of the property? How much is the cost of financing?
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Part
The purchase price of the property was $
enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
The cost of financing is $
enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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