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A property was purchased for $ 9 5 5 4 . 0 0 down and payments of $ 1 1 1 3 . 0 0

A property was purchased for $

9554.00

down and payments of $

1113.00

at the end of every six months for

10

years. Interest is

10 %

per annum compounded monthly What was the purchase price of the property? How much is the cost of financing?

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