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(Annuity payments) Emily Morrisson purchased a new house for $120,000.She paid $50,000 upfront and agreed...

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Finance

(Annuity payments) Emily Morrisson purchased a new house for $120,000.She paid $50,000 upfront and agreed to pay the rest over the next 20 years in 20 equal annual payments plus 11 percent compund interest on the unpaid balance. What will these equal payments be?, A Emily Morrison purchase a new house for $120,000 and paid $50,000 upfront. How much does che need to borrow to purchase the house?

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