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If you buy a store worth $300,000 with 15 percent down. The balance is to be paid off with equal annual payments at the end
If you buy a store worth $300,000 with 15 percent down. The balance is to be paid off with equal annual payments at the end of each year over 30 years at a 6 percent rate of interest. What is the amount of the annual payment?
A.$18,525.47
B.$17,762.32
C.$18,340.20
D.$17,449.16
E.$19,260.50
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