Question: 2. You have saved $35,000 to make a down payment and pay the closing costs on your future home. Your bank informs you that

2. You have saved $35,000 to make a down payment and pay

2. You have saved $35,000 to make a down payment and pay the closing costs on your future home. Your bank informs you that a 20% down payment is required and that the closing costs should be $400 plus 4 points. What is the maximum price you can offer for a home to have enough money for the down payment and the closing costs? Show all your work.

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