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You want to buy a house financed with a 30 -year fixed-rate mortgage. The best interest rate you are quoted is 1.2%. You can afford

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You want to buy a house financed with a 30 -year fixed-rate mortgage. The best interest rate you are quoted is 1.2%. You can afford up to $1,230 per month of repayment. Attempt 1/3 for 10 pts. What is the maximum mortgage amount you can afford to borrow

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