Question: You have been saving for years and have saved $ 6 5 , 0 0 0 for a down payment for a house. You can

You have been saving for years and have saved $65,000 for a down payment for a house. You can afford a $3,250 mortgage payment every month. How much can you spend on a house if the APR, or stated, interest rate is 4.25%(compounded monthly) on a 30 year mortgage?
$725,649.82
$705,842.58
$660,649.82
$658,785.82
 You have been saving for years and have saved $65,000 for

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