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A couple believes they can afford a monthly house payment of $1,700 and would like a 30-year fixed-rate loan. Currently, the rate for such
A couple believes they can afford a monthly house payment of $1,700 and would like a 30-year fixed-rate loan. Currently, the rate for such a loan is 4.5% compounded monthly. To the nearest dollar, how much can the couple afford to borrow?
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Elementary Statistics
Authors: Mario F. Triola
12th Edition
0321836960, 978-0321836960
