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Posted on Jul 23, 2024

You can put $ 5 0 , 0 0 0 down payment on a house. You can also afford $ 1 5 0 0 per

You can put $

50, 000

down payment on a house. You can also afford $

1500

per month for a

mortgage

(

principal and interest

)

payment if the mortgage has a

5.5 %

annual rate

compounded monthly for

30

years. What price house should you be considering buying?

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