You purchase a piece of land and sign a contract stating you will make payments of $6,275 at the beginning of every six
Posted: Sun Jun 05, 2022 7:11 am
- You Purchase A Piece Of Land And Sign A Contract Stating You Will Make Payments Of 6 275 At The Beginning Of Every Six 1 (130.47 KiB) Viewed 32 times
You purchase a piece of land and sign a contract stating you will make payments of $6,275 at the beginning of every six months for 7.5 years. Your payments will be deferred for 5 years. If interest is 4.88% compounded quarterly, what was the purchase price of the land?