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A property was purchased for $6596.00 down and payments of $815.00 at the end of every month for 8 years. Interest is 12% per annum

A property was purchased for

$6596.00

down and payments of

$815.00

at the end of every

month

for

8

years. Interest is

12%

per annum compounded

semi-annually.

What was the purchase price of the property? How much is the cost of financing?

find purchse price

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