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