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galanh
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@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
galanh Group Title
@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

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galanh Group TitleBest ResponseYou've already chosen the best response.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
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