Mr Bill S Preston, Esq , purchased a new house for $190,000 He paid $15,000 down and agreed to pay the rest over the next 10 years in 10 equal end of year payments plus 11 percent compound interest on the unpaid balance What will these equal payments be

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Mr. Bill S. Preston, Esq., purchased a new house for $190,000. He paid $15,000 down and agreed to pay the rest over the next 10

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

$190,000.

He paid

$15,000

down and agreed to pay the rest over the next

years in

equal end-of-year payments plus

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

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