What will these equal payments be the equal payment will be


Mr. Bill purchased a new house for $120000. He paid $15000 down and agreed to pay the rest over the next 30 years in 30 equal end of year payments plus 8% compound interest on the unpaid balance. What will these equal payments be? The equal payment will be $.......(Round to the nearest cent)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What will these equal payments be the equal payment will be
Reference No:- TGS02656862

Expected delivery within 24 Hours