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A young doctor with gross annual income of $ 280,000 is seeking to buy a house which has annual Real Estate taxes and Insurance expenses
A young doctor with gross annual income of $ 280,000 is seeking to buy a house which has annual Real Estate taxes and Insurance expenses of $24,000. If the she has to put down 20% towards the purchase of the house and can get a 30 year fixed rate loan at a rate of 3.50%, what is the maximum offer it should make to the seller?
a): $1,326, 897.00 b): $1,721,357 c): $1,878,524 d): $1,983,677 e):Other
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