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(Loan amortizabon) Mr. Bill S. Preston, Esq. purchased a new house for $160,000. He paid $10.000 down and agreed to pay the rest over the

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(Loan amortizabon) Mr. Bill S. Preston, Esq. purchased a new house for $160,000. He paid $10.000 down and agreed to pay the rest over the next 25 years in 25 equal end-of-year payments plus 12 percent compound interest on the unpaid balance. What will these equal payments bo? The equal payments will be $ (Round to the nearest cent)

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