What observation can you draw about the investment

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Bridget decides that on December 31she is gong to buya new buildingat $225,000. She plans to put 20% down nd make 18 equal annual installments that will include the principle plus 15% compounding interest on the declining balance.

How much are the equal payments?

How much are the total payments of the installments?

What observation can you draw about the investment?

Reference no: EM131851012

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