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A property was purchased for $9559.00 down and payments of $1231.00 at the end of every three months for 9 years. Interest is 8% per
A property was purchased for $9559.00 down and payments of $1231.00 at the end of every three months for 9 years. Interest is 8% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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