Mr bill s preston esq purchased a new house for 170000 he, Ask an Expert

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Mr. Bill S. Preston, Esq., purchased a new house for $170,000. He paid $10,000 down and agreed to pay the rest over the next 30 years in 30 equal end-of- year payments plus 6 percent compound interest on the unpaid balance. What will these equal payments be?

The equal payments will be $ ___. (Round to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92412335

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