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Mr. Bill S. Preston, Esq., purchased a new house for $120,000. He paid $20,000 upfront and agreed to pay the rest over the next 15

Mr. Bill S. Preston, Esq., purchased a new house for $120,000. He paid $20,000 upfront and agreed to pay the rest over the next 15 years in 15 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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