Gerald and Marysia bought a property by agreeing to make semi-annual payments of $12,500 for seven years.

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Gerald and Marysia bought a property by agreeing to make semi-annual payments of $12,500 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: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:09 AM

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Gerald and Marysia bought a property by agreeing to make semi-annual payments of $12,500 for seven years.

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Contemporary Business Mathematics With Canadian Applications

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