Question: compute manually without using excel please, thank you 4. You finance a house purchase with a 20 -year mortgage with an effective annual interest rate

compute manually without using excel please, thank you

4. You finance a house purchase with a 20 -year mortgage with an effective annual interest rate of 6%. Your first annual mortgage payment is $30,000 at the beginning of the first year, and subsequent payments decrease by $1,000 each year. What is the purchase value of the house

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