What will these equal payments be

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Reference no: EM131861339

(Loan amortization) Mr. Bill S.? Preston, Esq., purchased a new house for $100. He paid $20,000 down and agreed to pay the rest over the next 20 years in 20 equal end-of-year payments plus 12 percent compound interest on the unpaid balance. What will these equal payments be?

Reference no: EM131861339

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