$($Loan amortization$)$ Mr$.$ Bill S$.$ Preston, Esq., purchased a new house for $$$$170$ comma $000.$ He paid $$$$15$ comma $000$ down and agreed to pay the rest over the next $20$ years in $20$ equal$$ end$-$of$-$year payments plus $12$ percent compound interest on the unpaid balance. What will these equal payments$$ be$?$

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Part $1$

The equal payments will be $$$

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enter your response here. $($Round to the nearest$$ cent.$)$