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Michelle Duncan wants to know what price home she can afford. Her annual gross income is $46,800. She owes $710 per month on other debts

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Michelle Duncan wants to know what price home she can afford. Her annual gross income is $46,800. She owes $710 per month on other debts and expects her property taxes and homeowners Insurance to cost $240 per month. She knows she can get an 9.00%, 30-year mortgage so her mortgage payment factor is 8.05. She expects to make a 25% down payment. What is Michelle's affordable home purchase prico? (Round your answer to the nearest dollar amount) Multiple Choice 116 5772 145.850 972 $85.924

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