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12) Altynbek buys a house worth $85 000 on terms of PLAM mortgage. He makes the initial payment $20000. Altynbek must pay off debt paying
12) Altynbek buys a house worth $85 000 on terms of PLAM mortgage. He makes the initial payment $20000. Altynbek must pay off debt paying at the end of each of 20 years, based on 9% interest rate. The amount of payments must increase by 9% a year. Find the value of fifth payment
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