Annuity Payments Question

Annuity Payments Question

Annuity Payments Question for $1 Only (Instant Download)

Annuity payments Question Mr. Bill S. Preston’s, Esg., purchased a new house for $60,000. He paid $ 20,000 upfront and agreed to pay the rest over the next 20 years in equal annual payments that include principal payments plus 11% compound interest on the unpaid balance. What will these equal payments be?

Mr. Bill S. Preston’s, esq., purchased a new house for $60,000 and paid $20,000 upfront. How much does he need to borrow to purchase the house?
$__ (round t ok the nearest dollar)

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