Question
PLEASE HELP! **Please use numbers given** Please answer both parts of question. I tried posting this question before and I did receive an answer of
PLEASE HELP! **Please use numbers given** Please answer both parts of question. I tried posting this question before and I did receive an answer of $6,792.06. I tried entering that answer in and it stated it was incorrect, I did reply to the comment but I never received an answer back. All my questions for my subscription have been used so now I am paying again to post these so I hope I get the right answer this time! Thank you, Thank you, Thank you in advance!! :)
I have tried entering 6792.06 twice and it stated it was incorrect both times. I have one more chance until it marks it completely wrong :(
(Related to Checkpoint 6.1) (Annuity payments) Mr. Bill S. Preston, Esq., purchased a new house for $70,000. 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 11 percent compound interest on the unpaid balance. What will these equal payments be? a. Mr. Bill S. Preston, Esq., purchased a new house for $70,000 and paid $30,000 upfront. How much does he need to borrow to purchase the house? (Round to the nearest dollar.)Step by Step Solution
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