Mr. Bill S. Preston, Esq., purchased a new house for 80 000 dollars. He paid 20 000
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Mr. Bill S. Preston, Esq., purchased a new house for 80 000 dollars. He paid 20 000 dollars down and agreed to pay the rest over the next 25 years in 25 equal end of year payments plus 9 percent compound interest on the unpaid balance . What will these equal payments be?
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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