Question: PLEASE HELP Your client wants to know how much they will be able to spend on a house. They have an annial income of $120000,

PLEASE HELP

Your client wants to know how much they will be able to spend on a house. They have an annial income of $120000, and they have saved up 530.000, the remainder of which they will 5 pend on the house purchase after covering closing costs: The local bank. is offering a 30 -year fixed rate mortgage at an annual interest rate of 69%. Closing costs will be 5% of the loan amount, and the bank will not give them a loan in which the monthly payments exceed 282 of their monthly income. What is the maximum amount they can afford to pay for the house? Multele Choice $395,27610 5433,48695 $42514416 946388695 5455,74416

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