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3. Jack and Jill have $20,000 cash for a down payment of a house and they can afford a 15-year mortgage payment of $2,500 per

3. Jack and Jill have $20,000 cash for a down payment of a house and they can afford a 15-year mortgage payment of $2,500 per month. If the best mortgage rate that they can find is 7.5% APR compounded monthly then the most affordable home that they can buy according to their budget is closest to: (8 Pts) a. $253,000 b. $273,000 c. $306,000 d. $286,000 e. $269,000 f. $289,000

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