Question
Mr. and Mrs. Musk bought some vacant land to hold as an investment property for $22900.00 down and quarterly mortgage payments of $1224.51 payable at
Mr. and Mrs. Musk bought some vacant land to hold as an investment property for $22900.00 down and quarterly mortgage payments of $1224.51 payable at the end of each quarter for six years. Interest being charge on the mortgage is 8.4% compounded quarterly.What was the purchase price of the property rounded to the nearest cent?
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
