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Mr. Bill S. Preston, Esq., purchased a new house for $170,000. 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 $170,000. 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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