Question
You wish to purchase a home and have been very successful in saving $12,000 for a down payment. You can get a 30 year mortgage
You wish to purchase a home and have been very successful in saving $12,000 for a down payment.
You can get a 30 year mortgage at a fixed rate of 11.5%.The most you can afford is $630 / month for payment.
What's the maximum you can pay for a house?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
