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Please show the solution in handwriting so I can better see and understand the formulas c) You want to buy a house. You have $20,000
Please show the solution in handwriting so I can better see and understand the formulas
c) You want to buy a house. You have $20,000 for down payment and closing costs. The down payment is 10% and the closing costs are 10% of the loan amount. The bank is willing to allow you to make monthly payments of 30% of your salary at an annual interest rate of 8% for 30 years, and your annual salary is $36,000. How much can you offer for the house? (3 marks) TURN OVERStep by Step Solution
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