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Mr. Bill S. Preston, Esq., purchased a new house for $ 130,000. He paid $ 15,000 upfront and agreed to pay the rest over the

Mr. Bill S. Preston, Esq., purchased a new house for

$130,000. He paid $15,000 upfront and agreed to pay the rest over the next 10 years in 10 equal annual payments that include principal payments plus

9 percent compound interest on the unpaid balance. What will these equal payments be?

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