(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $150,000. He paid $15,000...

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(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 15 years in 15 equal end-of-year payments plus 14 percent compound interest on the unpaid balance. What will these equal payments be? (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 15 years in 15 equal end-of-year payments plus 14 percent compound interest on the unpaid balance. What will these equal payments be?