Question: property was purchased for $ 9 2 7 2 . 0 0 down and payments of $ 1 0 1 6 . 0 0 at

property was purchased for $9272.00 down and payments of $1016.00 at the end of every six months for 4 years. Interest is 7% per annum compounded quarterly. What was the purchase price of the property? How much is the cost of financing?

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