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Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 30% down

Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 30% down payment, how expensive of a home can Tedd purchase using a 3%, 30-year mortgage? $316,627 $296,486 $271,353 $338,841

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