Question
You plan to buy a house and you can afford to pay a monthly mortgage of $801 over 30 years. The bank has offered you
You plan to buy a house and you can afford to pay a monthly mortgage of $801 over 30 years. The bank has offered you a 3.34% interest rate, compounded monthly.
How much you can afford to borrow for the house?
Please round your answer to the second decimal without a dollar sign. E.g. 1234.56
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
