Question: Paul will be able to save $313 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining

Paul will be able to save $313 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $86,000 home, after making a $17,200 down payment, (amount to finance $68,800) at a rate of 5% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage?

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