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.)

Question

anonymous · Answer

You can plug the values you know into the compound interest formula, and solve for initial price.  Then, just add $34616 to that value to find out what they paid.

hero · Answer

Use the compound interest formula bro

anonymous · Answer

i was kinda hoping for an answer. im so far behind on this section

hero · Answer

Bro, this is a study site, not an answer site.