Selling price of the house

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Some friends tell you that they paid $12,063 down on a new house and are to pay $630 per month for 15 years. If interest is 5.1% compounded monthly, what was the selling price of the house? How much interest will they pay in 15 years?

Reference no: EM131253023

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Selling price of the house : Some friends tell you that they paid $12,063 down on a new house and are to pay $630 per month for 15 years. If interest is 5.1% compounded monthly, what was the selling price of the house? How much interest will they pay in 15 years?
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