Question
You are narrowing down your house choices. You have saved $20,000 to apply toward a down payment. You can afford a monthly payment of $1,200
You are narrowing down your house choices. You have saved $20,000 to apply toward a down payment. You can afford a monthly payment of $1,200 per month. You can qualify for a 30-year loan at 5% APR, compounded monthly. What home price can you afford? (Ignore any other purchasing fees)
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Private Equity Mathematics
Authors: Oliver Gottschalg
1st Edition
1908783508, 9781908783509
