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(Solved): Some friends tell you that they paid $30,802 down on a new house and are to pay $743 per month for ...



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Some friends tell you that they paid down on a new house and are to pay per month for 15 years. If interest is compounded monthly, what was the selling price of the house? How much interest will they pay in 15 years? Selling price of the house: (Round to two decimal places as needed.) Total interest paid: \& (Round to two decimal places as needed.)


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Solution:-

To find the selling price of the house, we can use the formula for calculating th...
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