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You are ready to purchase your first home. Your annual salary is $50,000 and you have saved $20,000 for a down payment. You have student

You are ready to purchase your first home. Your annual salary is $50,000 and you have saved $20,000 for a down payment. You have student loan with a payment of $200/month and a car payment of $300/month. Given your current situation, how much can you afford for a house payment?

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