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Mr. Bill purchased a new house for $120000. He paid $15000 down and agreed to pay the rest over the next 30 years in 30
Mr. Bill purchased a new house for $120000. He paid $15000 down and agreed to pay the rest over the next 30 years in 30 equal end of year payments plus 8% compound interest on the unpaid balance. What will these equal payments be? The equal payment will be $.......(Round to the nearest cent)
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