What equal payments be, Mr. Bill S. Preston Esq. purchased

What equal payments be

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Mr. Bill S. Preston Esq. purchased a new house for $160,000. He paid $15,000 down and agreed to pay the rest over the next 10 years in 10 equal end of year payments plus 5 percent compound interest on the unpaid balance. What equal payments be?

Reference no: EM131049123

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