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The down payment will be 20% of the price of the house, When will their balance be below $170,000? (a) We use Formula (2) with A 0 180,000, r 0.07, and P $1197.54. Then A 0 180,000 A n 1 ed quarterly in order to have $20,000 in 6 years? 39. Bill borrows $1000 at 5% compounded annually. ... Access Document
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