You can afford a $800 per month mortgage payment. You've found a 30 year loan at 6.1%
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Question:
You can afford a $800 per month mortgage payment. You've found a 30 year loan at 6.1% interest.
a) How big of a loan can you afford? (Round to the nearest cent, as needed.)
b) How much total money will you pay the loan company? (Round to the nearest cent, as needed.) $
c) How much of that money is interest? (Round to the nearest cent, as needed.) $
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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