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Mr. Bill S. Preston, Esq., purchased a new house for $140,000. He paid $25,000 up front and agreed to pay the rest over the next

Mr. Bill S. Preston, Esq., purchased a new house for $140,000. He paid $25,000 up front and agreed to pay the rest over the next 30 years in 30 equal payments that include principal payments plus 13 percent compound interest on the unpaid balance. What will these equal payments be?

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