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(Solved): A property was purchased for 5887600 down and payments of $1248.00 at the end of every six months f ...




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A property was purchased for 5887600 down and payments of at the end of every six months for 3 years. Inserest is per annum compounded quarterly. What was gie purchane price of the property? How much is the cost of finaneing? The purchase price of the property was ? (Round the final answer to the nearest cent as needed. Round all intermedste values to six decirnai places as needed.)


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To find the purchase price of the property, we need to calculate the future value of the payments an...
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