Problemyou plan to buy a store worth 250000 with 14 percent, Ask an Expert

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Problem:

You plan to buy a store worth $250,000 with 14 percent down payment. The balance is to be paid off with equal annual payments over 30 years at a 12 percent rate of interest.

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Question 1: What is the amount of the annual payment?

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Category:- Basic Finance
Reference No.:- M91149327

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