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Austin wants to buy a house. They have $26,000 saved for a down payment. They have been approved for a 15-year loan at a 6%
Austin wants to buy a house. They have $26,000 saved for a down payment. They have been approved for a 15-year loan at a 6% interest rate. The maximum they want to spend each month is $1,450 and they expect $360 per month in taxes, insurance, fees, and maintenance. What is the most they can afford to pay for a house?
a. 190857.87
b. 190857.87
c. 121031.82
d. 155169
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