Mathematics, 02.04.2021 01:00 HannaTheGurls

16) The Smith family is on vacation in Myrtle Beach and decide that they would like to buy a beach home. They must decide if they can afford it. Their budget determines that they can spend $1600 a
month for the vacation home. The Smiths find the perfect house for $350,000, if they qualify for a
30 year mortgage with an annual interest rate of 3.75% can they afford to buy the beach house.
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