What will be the total cost of the house
Problem
Max just used $32,000 as a down payment on a $179,000 house. If their 15-year loan has an interest rate of 11.3%, what will be the total cost of the house?
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Their $7,000 old car will be traded in as a down payment. If they can get a loan for a 7.9% APR over 3 years, will be the total cost of this purchase?
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