The President of the United States makes $400,000 annually. While still in office, the president's family...
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The President of the United States makes $400,000 annually. While still in office, the president's family has decided to purchase a home that has an estimated property tax of $50,000 and home insurance of $15,000 annually. Let's assume that the president's family has no loans or debt, and they have saved a 35,000 down payment. What is the maximum housing price the president's family should consider? Round your answer to the nearest cent. The President of the United States makes $400,000 annually. While still in office, the president's family has decided to purchase a home that has an estimated property tax of $50,000 and home insurance of $15,000 annually. Let's assume that the president's family has no loans or debt, and they have saved a 35,000 down payment. What is the maximum housing price the president's family should consider? Round your answer to the nearest cent.
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Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
Posted Date:
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