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Please solve both will giove you like Show all your work for full credit. Results without calculations will count like incorrect answers. 1. You would

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Please solve both will giove you like

Show all your work for full credit. Results without calculations will count like incorrect answers. 1. You would like to buy a house and are thinking about your budget. You have $45,000 in cash that you could use as a down payment. You are also willing to pay $3,050 per month for your mortgage over the next 30 years. After checking various offers, you decided that you would like to have a fixed interest mortgage, the best one that suits you is currently sold with a yearly interest rate of 9%. Please calculate the upper price ceiling for any house you might be able to purchase. 2. You are applying the sales comparison approach to estimate the value of a unit of real estate. In the process, you established that the best comparison House A, which was sold 4 months ago for $600,000. Another house (House B) was sold for the last time 1.5 years ago. At that time, it was sold for $500,000. It sold again today for a total price of $590,000. What is the monthly rate of increase? What is the adjusted price of house A ? (You can ignore any other adjustments or complications that might arise in the real world)

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