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HomeForumsMiamireal estate practice math question
Yadi Molina's profile image
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Yadi Molina
  • from Miami, Florida
  • Member since Jan 22, 2017
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Yadi Molina's profile image
Yadi Molina's profile image
Yadi Molina
  • from Miami, Florida
  • Member since Jan 22, 2017
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Yadi Molina
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Miami

real estate practice math question

Yadi Molina
  • Miami, FL
Posted Jan 22 2017, 16:48

Can anyone please help me solve this math question? I do not understand it...

a bank gives a mortgage loan for 80% of the sales price at an interest rate of 8%. the interest portion of the first month's payment is $192. What is the selling price?

Miami, Florida
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