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Tedd E. Bear has an annual salary of $72,000 with no other loans outstanding. Using the 25% guideline from class and with a 20% down

Tedd E. Bear has an annual salary of $72,000 with no other loans outstanding. Using the 25% guideline from class and with a 20% down payment, how expensive of a home can Tedd purchase using a 4%, 30 year mortgage?

Group of answer choices

$356,982

$377,030

$392,740

$412,478

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