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8. The Truffaut's can afford a $4900 monthly mortgage payment for a house. How large a 30-year mortgage can they afford at 4.8% annual interest

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8. The Truffaut's can afford a $4900 monthly mortgage payment for a house. How large a 30-year mortgage can they afford at 4.8% annual interest (hint: the correct answer is somewhere between $800,000 and $1,200,000? Express you answer in a sentence which relates your numerical answer back to the

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