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You buy a vacation property for $3500 down with payments of $750 at the end of each quarter for eight years. Interest is 8% compounded
You buy a vacation property for $3500 down with payments of $750 at the end of each quarter for eight years. Interest is 8% compounded semi-annually. What was the purchase price of the property? Answer to two decimal places. This is a business math question btw. So it is not as simple as it seems. Thank you!
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