A property was purchased for $9964.00 down and payments of $1506 00 at the end of every year for 3 years interest is 5% per annum compounded sem annualy What was the purchase price of the p How much is the cost of financing? The purchase price of the property was Round the final answer to the nearest cent as needed Round at intermediate values to sax decimal places as needed) The cost of financing (Round the final answer to the newest cent as needed Round at inemedale values to sa decimal places an needed)

A property was purchased for $9964.00 down and payments of $1506 00 at the end of every year for 3 years interest is 5% per annum compounded sem annualy What was the purchase price of the p How much is the cost of financing? The purchase price of the property was Round the final answer to the nearest cent as needed Round at intermediate values to sax decimal places as needed) The cost of financing (Round the final answer to the newest cent as needed Round at inemedale values to sa decimal places an needed)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A property was purchased for $9964.00 down and payments of $1586.00 at the end of every year for 3 years Interest is 5% per annum compounded sems-annualy What was the purchase price of the properts
How much is the cost of financing?
The purchase price of the property was
(Round the final answer to the nearest cent as needed. Round all intermediate values to sax decimal places as needed)
The cost of financing S
(Round the final answer to the nearest cent as needed Round at intermediate values to six decimal places as needed)

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