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Mathematics, 03.04.2020 04:31 alyxkellar06
3. Your sister is considering the purchase of a home rather than renewing the lease on her two-bedroom apartment. She is currently paying $850 per month for rent. Her bank offers first-time homebuyers (with good credit) a 30-year mortgage at a fixed rate of 5.49%. The cost of insurance and property taxes is about $175 per month in the neighborhood where she would like to live. If she cannot afford to go over $850, what amount of a mortgage can she get?
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