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Question 1 ( Mandatory ) ( 1 point ) You can afford to pay $ 2 , 5 0 0 per month for mortgage payments.

Question $1 ($ Mandatory $) (1$ point $)$

You can afford to pay $ $2, 500$ per month for mortgage payments. How large a loan

can you afford if the interest rate is $3.75 %$ for a $30 -$ year fixed mortgage? Round to

the nearest cent or two decimal places.

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Question 1 ( Mandatory ) ( 1 point ) You can afford to pay $ 2 , 5 0 0 per month for mortgage payments.

Question 1(Mandatory)(1 point) You can afford to pay $2,500 per month for mortgage payments. How large a loan can you afford if the interest rate is 3.75% for a 30-year fixed mortgage? Round to the nearest cent or two decimal places.

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Question $1 ($ Mandatory $) (1$ point $)$

You can afford to pay $ $2, 500$ per month for mortgage payments. How large a loan

can you afford if the interest rate is $3.75 %$ for a $30 -$ year fixed mortgage? Round to

the nearest cent or two decimal places.