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Find the present value of the purchase price of the house

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Question: INSTALLMENT CONTRACTS Glenda sold her house under an installment contract whereby the buyer gave her a down payment of $20,000 and agreed to make monthly payments of $925/month for 30 yr. If the prevailing interest rate is 6%/year compounded continuously, find the present value of the purchase price of the house.

Reference no: EM131637614

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