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Rose wants to secure a 30 year mortgage and knows he can afford a monthly mortgage payment of $1,900. Her sister will gift her the
Rose wants to secure a 30 year mortgage and knows he can afford a monthly mortgage payment of $1,900. Her sister will gift her the down payment at 20% of the selling price. The current mortgage rates are 3.9% compounded monthly. Question 1 is - how much can rose afford to finance on his home? Question 2- what is the selling price of the home that rose should be looking at
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