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Help, help. I'd like to buy a new home but being on a professor's salary it's tough. I have two goals 1. I can't spend
Help, help. I'd like to buy a new home but being on a professor's salary it's tough. I have two goals 1. I can't spend more than $2,000 per month on my mortgage payment. 2. I want to buy the most awesome, expensive house that I can! I'm given two options by the bank, cach requiring monthly payments starting at the end of the first month: A A 15-year mortgage having a 6% annual interest rate. B. A 30-year mortgage having a 9% annual interest rate. Compared to Mortgage A, how much more house can l afford using Mortgage B? Round to the nearest dollar Numeric Response
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