Question: ( Loan amortization ) Mr . Bill S . Preston, Esq., purchased a new house for $ 1 5 0 , 0 0 0 .

(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $150,000. He paid $15,000 down and
agreed to pay the rest over the next 30 years in 30 equal end-of-year payments plus 14 percent compound interest
on the unpaid balance. What will these equal payments be?
The equal payments will be $.(Round to the nearest cent.)
(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house

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