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A property was purchased for $6302.00 down and payments of $1325.00 at the end of every three months for 6 years. Interent is 10% per
A property was purchased for $6302.00 down and payments of $1325.00 at the end of every three months for 6 years. Interent is 10% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was 5 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is s (Round the final answer to the nearest cent as needed. Round all intermediate values to sox decimal places as needed.) How much would you have to pay into an account at the beginning of every six months to accumulate 512,000 . 00 in 10 years, if interest is 11% compounded monthly? The payments would have to be 5 (Round the final answer to the nearest cent as needed. Round an intermediate values to six decimal places as needed.)
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