Gary and Sandra Duncan bought a property by making semi-annual payments of $4210.00 for 8.5 years. ...

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Gary and Sandra Duncan bought a property by making semi-annual payments of $4210.00 for 8.5 years. ...

Gary and Sandra Duncan bought a property by making semi-annual payments of $4210.00 for 8.5 years. If the first payment is due on the date of purchase and interest is 8.53% compounded quarterly, what is the purchase price of the property?

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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