Question 14 of 15
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Some friends tell you that they paid $26,250 down on a new house and are to pay $690 per month for 30 years. If interest is 7.2% compounded monthly, what was the selling price of the house? How much
interest will they pay in 30 years?
Selling price of the house: $ (Round to two decimal places as needed.)
Total interest paid: $ (Round to two decimal places as needed.)