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Question 7 2 pts You want to buy a house and have determined you can afford a 30 year mortgage with monthly payments of $1,248.

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Question 7 2 pts You want to buy a house and have determined you can afford a 30 year mortgage with monthly payments of $1,248. If the APR on the loan is 4.7%, how much home can you afford to buy? 2 pts Question 8 What is the present value of a perpetuity that pays $9,000 per year if the cost of capital is 3.4%? Assume payments occur at the end of the year

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