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Use the formula for the future value of annuity. How large a 30-year mortgage can you afford if the rate is 5.12% with monthly payments

Use the formula for the future value of annuity.

How large a 30-year mortgage can you afford if the rate is 5.12% with monthly payments of $1,500.If the rate increases to 6.25% how much can you afford at the same monthly payment?If the rate increases to 7.25% and 8.25% how large a mortgage can you afford at the same monthly payment?

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