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Building a House In Exercises 12–18, the Leungs decided to build a new house. The contractor quoted them a price of $144 500, including the lot. The taxes on the house would be $3200 per year, and homeowners’ insurance would cost $450 per year. They have applied for a conventional loan from a bank. The bank is requiring a 15% down payment, and the interest rate is
14. Determine 28% of their adjusted monthly income.
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A SURVEY OF MATHMETICS WITH APPLICATIONS
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- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning