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Land worth $800,000 is purchased by a down payment of $120,000 and the balance in equal monthly installments for 15 years. If interest is atj12=
Land worth $800,000 is purchased by a down payment of $120,000 and the balance in equal monthly installments for 15 years. If interest is atj12= 4%, determine the buyer's and seller's equity in the land at the end of 10 years.
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