Question: A property was purchased for $ 9 9 1 0 . 0 0 down and payments of $ 9 2 6 . 0 0 at

A property was purchased for $9910.00 down and payments of $926.00 at the end of every 6 months for 4 years. Interest is 6% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing?

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