Question
A property was purchased for $6009.00 down and payments of $940.00 at the end of every six months for 4 years. Interest is 11% per
A property was purchased for $6009.00 down and payments of $940.00 at the end of every six months for 4 years. Interest is 11% per annum compounded quarterly. What was the purchase price of the property?
How much is the cost of financing?
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Public Finance And Public Policy
Authors: Jonathan Gruber
7th Edition
1319281109, 9781319281106
