A property was purchased for $4100 down and payments of $550 at the end of every month for 4 years. Interest is 4.48% per annum compounded semi-annually. After the payment period a final payment of $9000 was paid. What was the purchase price of the property and how much interest was charged?

Answer rating: 100% (QA)

550 every month So in six months 55063300 Semi annually payment 3300 interest rate448 Per annum Se... View the full answer