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(Solved): A property was purchased for $6585.00 down and payments of $1289.00 at the end of every month ...
A property was purchased for $6585.00 down and payments of $1289.00 at the end of every month for 4 years. Interest is 12 % per annum compounded semi dash annually. What was the purchase price of the property? How much is the cost of financing?