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Max Is thinking about purchasing a house. He wishes his annual payments to be 25% of his salary. The following table lists his expected salary

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Max Is thinking about purchasing a house. He wishes his annual payments to be 25% of his salary. The following table lists his expected salary over the next 30 years. How much Is Max willing to borrow for his house? Assume he can find a loan that matches his desired payments. Assume the Interest rate is 8.62% Years Salary 11-20 $82,399 & 1292

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