Question
I have an assignment where I need to determine the highest priced house someone can afford. They plan to put 32,000 down on a house
I have an assignment where I need to determine the highest priced house someone can afford. They plan to put 32,000 down on a house and then pay $1100 a month for 30 years. Their interest rate is 4.125%. My question is what formula will solve this?
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
