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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 7.2%. You can afford up

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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 7.2%. You can afford up to $1,400 per month of repayment. Part 1 Attempt 1/3 for 10 pts. What is the maximum mortgage amount you can afford to borrow

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