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A property was purchased for $ 9 0 7 2 . 0 0 down and payments of $ 1 4 8 6 . 0 0

A property was purchased for $9072.00 down and payments of $1486.00 at the end of every three months for 8 years. Interest is 3% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing?

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