Long term payment option, Dr. Jones decides that on

Long term payment option

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Reference no: EM1344995

Dr. Jones decides that on December 31st he is going to purchase new building at $225,000. He agrees to put 20% down and make 18 equal annual installments that are to include the principle plus 15% compounding interest on the declining balance.

Reference no: EM1344995

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Long term payment option : Dr. Jones decides that on December 31st he is going to buy new building at $225,000. He agrees to put 20 percent down and make 18 equal yearly installments;

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