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FINAL ANSWER NEEDED ASAP compounded semi-annually. (a) What was the purchase price of the property? Enter your answer to 2 decimal places, do not include

image text in transcribedFINAL ANSWER NEEDED ASAP

compounded semi-annually. (a) What was the purchase price of the property? Enter your answer to 2 decimal places, do not include commas. (b) Assume the buyer decides to pay $1450 each month instead of the amount stated earlier in the question. By how many months will the term of the loan be reduced. Round your answer to the nearest whole number of months

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