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6) JASMINE PURCHASED A NEW HOUSE FOR $220,000 IN NORTH CAROLINA. SHE PAID $65,000 DOWN AND AGREED TO PAY THE REST OVER THE NEXT

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6) JASMINE PURCHASED A NEW HOUSE FOR $220,000 IN NORTH CAROLINA. SHE PAID $65,000 DOWN AND AGREED TO PAY THE REST OVER THE NEXT 30 YEARS IN 30 EQUAL END-OF-YEAR PAYMENTS, PLUS 3% COMPOUND INTEREST ON THE UNPAID BALANCE. WHAT WILL THESE EQUAL PAYMENTS BE?

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