Solution-What will be the amount of payment

What will be the amount of payment

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You purchase a home for $35,000 and pay a down payment of $5,000. You commit to pay the rest over the next 10 years in 10 equal end of the year payments at 6 percent compound interest on the unpaid balance. What will be the amount of each payment? Please show work and Excel formulas.

Reference no: EM133000910

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What will be the amount of payment

Reference no: EM133000910

Reference no: EM133000910

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