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Suppose you want to buy a house and your take-home pay is $3160 per month. You wish to stay within the guidelines for the mortgage

Suppose you want to buy a house and your take-home pay is $3160 per month. You wish to stay within the guidelines for the mortgage payment of of your take- 4 home pay as the house payment. You have $16,400 saved for the down payment and the bank will give an interest rate of 4.35% compounded monthly. What is the total cost of the house you can afford with a 15-year mortgage? Round to the nearest cent.
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Suppose you want to buy a house and your take-home pay is $3160 per month. You wish to stay within the guidelines for the mortgage payment of 41 of your takehome pay as the house payment. You have $16,400 saved for the down payment and the bank will give an interest rate of 4.35% compounded monthly. What is the total cost of the house you can afford with a 15-year mortgage? Round to the nearest cent

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