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12 February, 14:55

Rush Trainer purchased a houseboat for $165,000. The financing company requires a 15% down payment for a 30-year loan at 7%. At the end of 30 years, what will be the total amount of interest charged?

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  1. 12 February, 15:38
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    I would subtract the purchase price from the down payment to find the amount to be finance first. Then i dont how to explain the rest but the answer is $933.03
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