Question: Paul will be able to save $281 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining

Paul will be able to save $281

per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a

$98 comma 000home, after making a $19 comma 600down payment, (amount to finance $78 comma 400) at a rate of

6% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage?

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