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A property was purchased for $9745 down and payments of $1123 at the end of every three months for 7 years. Interest is 9% per

A property was purchased for $9745 down and payments of $1123 at the end of every three months for 7 years. Interest is 9% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing?

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