Some friends tell you that they paid $15,127 down on a new house and are to pay $815 per month for 15 years. If interest is 5.4% compounded monthly, what was the selling price of the house? How much interest will they pay in 15 years?
Some friends tell you that they paid $15,127 down on a new house and are to pay
$815 per month for 15 years. If interest is 5.4% compounded monthly, what was the selling price of the house? How much interest will they pay in 15 years?
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