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The potters want to buy a home costing $128,000 with annual insurance and taxes of $620 and $3000 respectively. They have saved $11,000 for a
The potters want to buy a home costing $128,000 with annual insurance and taxes of $620 and $3000 respectively. They have saved $11,000 for a down payment and they can get a 5% 30-year mortgage. They are qualified for a home loan as long as the total monthly payment does not exceed $800. Determine whether they are qualified.
Their monthly payment would be?
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Monthly payment Total Loan Amount Cost of the House Downpayment made 128000 11000 1170...
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
