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Mathematics, 25.03.2020 00:35 jhosami46311

A young couple needs to borrow 168000 to finance their first house. The could borrow the whole amount at 12%, but her father offers to lend them enough of the money at 5% to reduce the overall interest rate to just 8%. How much does he lend them and how much do they borrow from the bank?

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A young couple needs to borrow 168000 to finance their first house. The could borrow the whole amoun...
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