A property was purchased for $7003.00 down and payments of $1313.00 at the end of every year for 10 years. Interest is 5% per annum
A property was purchased for $7003.00 down and payments of $1313.00 at the end of every year for 10 years. Interest is 5% per annum compounded quarterly. What was the purchase price of the property? How much is the cost of financing?
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Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
