Watson Properties bought a rental property valued at $50 000 by paying 20% down and mortgaging the

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Watson Properties bought a rental property valued at $50 000 by paying 20% down and mortgaging the balance over 25 years through equal payments at the end of each quarter with interest at 10% compounded quarterly. What was the size of the quarterly payments?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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