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A young couple decide to take advantage the current first-time home buyer credit and buy a new house. With their combined income, they can
A young couple decide to take advantage the current first-time home buyer credit and buy a new house. With their combined income, they can afford to make a maximum of $600 monthly payment. With their credit history, they can borrow a 30-year fixed rate mortgage loan at 6.2% (mortgage loans compound monthly). What's the maximum amount they can borrow? Your Answer:
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
