(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $160,000. He paid $25,000 down and agreed to pay the rest over the next 10 years in 10 equal end-of-year payments plus 15 percent compound interest on the unpaid balance. What will these equal payments be? Question content area bottom Part 1 The equal payments will be $enter your response here. (Round to the nearest cent.)