Mortgage Affordability. Paul will be able to save $229 per month (which can be used...
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Mortgage Affordability. Paul will be able to save $229 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $80,000 home, after making a $16,000 down payment amount to finance $64.000) at a rate of 5% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage? www Only Click the icon to see the Worked Solution. Paul's resulting monthly mortgage payment is $ 34357' (Use your facial calculator and round to the nearest cant) Can he afford the mortgage? (Select the best answer below) O A Yes, Paul will have enough from his monthly savings amount to cover his mortgage payment B. No, Paul will not have enough from his monthly savings amount to cover his mortgage payment
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