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Tedd E. Bear has an annual salary of $96,000 with no other loans outstanding. Using the 25% guideline from class and with a 20% down

Tedd E. Bear has an annual salary of $96,000 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 6%,30-year mortgage? $373,494 $391,566 $400,300 $416,979

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