What will these equal payments be

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Reference no: EM13729502

Mr. Bill S. Preston, Esq., purchased a new house for $130,000. He paid $30,000 down and agreed to pay the rest over the next 10 years in 10 equal end-of-year payments plus 8 percent compound interest on the unpaid balance. What will these equal payments be?

Reference no: EM13729502

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