Some friends tell you they paid 25,404 down on a new house and are to pay $843 per month for 30 years. If interest is 4.5% compounded monthly, what was the selling price of the house? How much interest will they pay in 30 years?

Selling price = $190003.206 and total interest paid is $135640.794

Step-by-step explanation:

The down payment of house = $25404

Monthly payment = $834 per month.

Total number of years = 30 years = 30*12 = 360 months.

Interest rate compounded monthly = 4.5 % * 1/12 = 0.375% per month or 0.00375.

Now we have to calculate the selling price of house and total interest paid.

Loan amount = Present value of monthly payments.

Selling price of house = 25404 + 164599.206 = 190003.206

Interest amount = total amount of installment – loan amount

Interest amount = 834*360 – 164599.206 = 135640.794 dollars.

x=17

step-by-step explanation:

solve 3x-24=x+10

then that makes it 2x=34 because you subtract an x from both sides to get rid of the one on the right, and then you add 24 to both sides to get rid of the 24 on the left

divide by both sides by 2 to get your answer so that you can get your answer