Sharing cost
Question: The members of a flying club plan to share equally the cost of a $200,000 airplane. The members want to find five more people to join the club so that the cost per person will decrease by $2000. How many members are currently in the club?
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What would be their monthly mortgage payment assuming they finance for 25 years at 6.75%?
The members want to find five more people to join the club so that the cost per person will decrease by $2000. How many members are currently in the club?
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