1. You can afford a $1,200 per month mortgage payment. You've found a 30-year loan at...
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1. You can afford a $1,200 per month mortgage payment. You've found a 30-year loan at 4.5% interest. (a) How big of a loan can you afford? (2 pts) (b) How much total money will you pay the loan company? (2 pts) (c) How much of that money is interest? (2 pts) 1. You can afford a $1,200 per month mortgage payment. You've found a 30-year loan at 4.5% interest. (a) How big of a loan can you afford? (2 pts) (b) How much total money will you pay the loan company? (2 pts) (c) How much of that money is interest? (2 pts)
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Mortgage Affordability Calculations a Loan Amount To calculate the maximum loan amount you can affor... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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