Your annual gross (pre-tax) salary is $67,000. You can obtain a 30-year fixed rate mortgage at annual
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Your annual gross (pre-tax) salary is $67,000. You can obtain a 30-year fixed rate mortgage at annual percentage rate (or APR) of 6.0%. You have $5,000 in other annual pre-tax income. You also have to pay $750 per month on an auto loan and student loans.
What is the most expensive home you can buy under these circumstances?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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