Question: annual payment House Loan Max is thinking about purchasing a house. He wishes his annual payments to be 25% of his salary. The following table

annual payment House Loan Max is thinking about purchasing a house.
annual payment

House Loan Max is thinking about purchasing a house. He wishes his annual payments to be 25% of his salary. The following table lists his expected salary over the next 30 years. How much is Max willing to borrow for his house? Assume he can find a loan that matches his desired payments. Assume the Interest rate is 10% Salary Mears 1343.000 11.10 384.803 11:20 31552 21.30

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