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14%. There is no maximum Question 54 6.5 pts Jack and Jill Jolly are thinking about buying a home. Their combined monthly income is $5,000,

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14%. There is no maximum Question 54 6.5 pts Jack and Jill Jolly are thinking about buying a home. Their combined monthly income is $5,000, and they have $30,000 savings in a bank. They also have existing debt that requires monthly payments of $250 for a car with 12 remaining payments, $300 for furniture with 9 remaining payments, and $100 for average monthly credit card balance. Using a 30-year conventional fixed rate mortgage loan with the current interest rate of 8.5 percent, how expensive a home could they buy? $231,583 $212,075 $192,567 $218,578 $179,562

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