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Posted on Sep 05, 2024

Some friends tell you that they paid $ 2 5 , 0 0 0 down on a new houseand are to pay $ 5 2

Some friends tell you that they paid $

25, 000

down on a new houseand are to pay $

525

per month for

30

years. If interest is

7.8 %

compounded monthly, what was the selling price of the house? Can you solve this in excel?

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