Some friends tell you that they paid $25,000 down on a new house and are to pay

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Some friends tell you that they paid $25,000 down on a new house and are to pay $525 per month for 30 years. If interest is 7.8% compounded monthly, what was the selling price of the house? How much interest will they pay in 30 years?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Mar 22, 2022 12:39 AM

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Some friends tell you that they paid $25,000 down on a new house and are to pay

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Let S be the total loan payments made principal interest Let P be the amount ...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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