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Save Homework: Chapter 10 Homework Score: 0 of 1 pt 20 of 20 (19 complete) HW Score: 95%, 19 of 20 pts Planning #12 (similar

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Save Homework: Chapter 10 Homework Score: 0 of 1 pt 20 of 20 (19 complete) HW Score: 95%, 19 of 20 pts Planning #12 (similar to): Mortgage Affo Question Help Mortgage Affordability. Paul will be able to save $209 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $71,000 home, after making a $14,200 down payment, (amount to finance $56,800) at a rate, of 5% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage? Paul's resulting monthly mortgage payment is $ (Use your financial calculator and round to the nearest cent.)

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