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Mr. Bill S. Prston, Esq., purchased a new house for 60,000. He paid 30,000 upfront and agreed to pay the rest over the next 10

Mr. Bill S. Prston, Esq., purchased a new house for 60,000. He paid 30,000 upfront and agreed to pay the rest over the next 10 years in 10 equal annual payments that include principal payments plus 12 percent compound interest on the unpaid balance. What will these equal payments be?

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