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I purchased a new house for $70,000. I paid $10,000 upfront and agreed to pay the loan over the next 25 years in 25 equal
I purchased a new house for $70,000. I paid $10,000 upfront and agreed to pay the loan over the next 25 years in 25 equal end of the year payments plus 14 percent compound interest on the unpaid balance. What will these equalpayments be?
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