Finance Question Dr Jones New Building

Finance Question Dr Jones New Building in $10 OnlyFinance Question Dr Jones New Building

Dr Jones decides that on December 31st he is going to purchase new building at $225,000. He agrees’ to put 20% down and make 18 equal annual installments that are to include the principal plus 15% compounding interest on the declining balance.

Answer the following:

How much are the equal installments?

What are the total payments of this investment?

Observations about the investment?

Price of Answer: Just US$10 onlyBuy Now

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