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2. You can afford to pay $650 per month for the next 30 years on a mortgage loan. The bank currently offers a fixed rate

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2. You can afford to pay $650 per month for the next 30 years on a mortgage loan. The bank currently offers a fixed rate mortgage rate of 4.5% per year. If you have no money for a down payment, what is the most expensive house that you can afford to purchase today with the loan

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