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( Annuity payments ) To buy a new house, you must borrow $ 1 6 5 , 0 0 0 . To do this, you
Annuity payments To buy a new house, you must borrow $ To do this, you take out a $year, percent mortgage. Your mortgage payments, which are made at the end of each year one payment each year include both principal and percent interest on the declining balance. How large will your annual payments be
The amount of your annual payment will be $Round to the nearest cent.
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