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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 $3607.00 down and payments of $1123.00 at the end of every year for 8 years. Interest is 12% 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 1
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 2
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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