How can you use the present value of an annuity concept to determine the price of a

Question:

How can you use the present value of an concept to determine the price of a house you can afford?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...