Gerald and Marysia bought a property by agreeing to make semi-annual payments of $2500 for seven years.

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Gerald and Marysia bought a property by agreeing to make semi-annual payments of $2500 for seven years. If the first payment is due on the date of purchase and interest is 9% compounded quarterly, what is the purchase price of the property?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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