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A potential homebuyer has an annual income of $40,000. Assuming an interest rate of 7 percent, a mortgage term of 15 years, an affordable monthly
A potential homebuyer has an annual income of $40,000. Assuming an interest rate of 7 percent, a mortgage term of 15 years, an affordable monthly mortgage payment of $850 and a 10 percent down payment, what is the affordable home purchase price?
A. 142022
B. 105172
C. 101460
D. 90696
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