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Mr. Bill S. Preston, Esq, purchased a new house for $130,000. He paid $25,000 upfront and agreed to pay the rest over the next 10
Mr. Bill S. Preston, Esq, purchased a new house for $130,000. He paid $25,000 upfront and agreed to pay the rest over the next 10 years in 10 equal payments that include principal payments plus 13% compound interest on the unpaid balance. What will these equal payments be?
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