Quantcast

Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

galanh

@andrewhaney asked me this: Some friends tell you that they paid $34,616 down on a new house and are to pay $818 per month for 30 years. If interest is 4.5% compounded monthly, what was the selling price of the house? (Do not round until the final answer. Then, round to the nearest cent.)

  • one year ago
  • one year ago

  • This Question is Closed
  1. galanh
    Best Response
    You've already chosen the best response.
    Medals 0

    I am attaching a table which shows that the original price of the house is around 52793.775$ That these people are paying in total to the bank 360x818+34616=329096$ I wouldn’t buy it! Try to add one cent to the selling price and see how things change.

    • one year ago
    1 Attachment
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.