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Bob makes $2500 in gross income during the month. Bob has $400 is debt payments during the month and has estimated that his tax and

Bob makes $2500 in gross income during the month. Bob has $400 is debt payments during the month and has estimated that his tax and homeowners insurance payments will be $125 per month. Bob plans on putting 10% down and will be able to get a 30-year mortgage at 8%. What is the maximum priced home he can afford?
A. 45411
B. 72602
C. 52795
D. 64335

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