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You are looking for a new house and you are planning to make a 15% down payment. If you can afford a $2000 monthly mortgage
You are looking for a new house and you are planning to make a 15% down payment. If you can afford a $2000 monthly mortgage payment, how expensive of a house (rounded at the nearest $) can you afford if the interest rate is 6% (compounded monthly) on a 30 year loan?
Question 1 options:
| $333,583 |
| $330,356 |
| $392,451 |
| $444,745 |
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