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What will these equal payments? be

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Mr. Bill S.? Preston, Esq., purchased a new house for ?$140,000. He paid ?$30,000 upfront and agreed to pay the rest over the next 20 years in 20 equal annual payments that include principal payments plus 11 percent compound interest on the unpaid balance. What will these equal payments? be?

Reference no: EM132779846

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