Bridget decides that on december 31she is gong to buya new, Ask an Expert

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Bridget decides that on December 31she is gong to buya new buildingat $225,000. She plans to put 20% down nd make 18 equal annual installments that will include the principle plus 15% compounding interest on the declining balance.

How much are the equal payments?

How much are the total payments of the installments?

What observation can you draw about the investment?

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Financial Management, Finance

Category:- Financial Management
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