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Calculating annuity payments) (Related to Checkpoint 6.1 on page 196) James Har ok rison bought a house for 180,000. He paid 20,000 upfront from his
Calculating annuity payments) (Related to Checkpoint 6.1 on page 196) James Har ok rison bought a house for 180,000. He paid 20,000 upfront from his savings and to a mortgage to pay the rest for 25 years. The mortgage was to be paid in 25 equal a installments that included both principal and interest. This mortgage charged 6 perce compound interest on unpaid balance. What will his annual installments be
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