Question: Connor has saved $45,000 to use as a down payment on a new house. If he can finance the home for 15 years at 3%

Connor has saved $45,000 to use as a down payment on

Connor has saved $45,000 to use as a down payment on a new house. If he can finance the home for 15 years at 3% APR, and he can afford $1,200 per month as his monthly house payment (not counting taxes and insurance), what is the maximum purchase price he can afford? Note: Mortgage payments are calculated as an end-of-month payment. $173,766.57 O $145,057.18 $190,057.18 O $218.766.57

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