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A property was purchased for $7640.00 down and payments of $867.00 at the end of every sixmonths for 10 years. Interest is 6% per annum

A property was purchased for $7640.00 down and payments of $867.00 at the end of every sixmonths for 10 years. Interest is 6% per annum compounded quarterly. What was the purchase price of theproperty? How much is the cost offinancing?

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