TB MC Qu. 09-74 Andre Wheeler wants to know what price home Andre Wheeler wants...
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TB MC Qu. 09-74 Andre Wheeler wants to know what price home Andre Wheeler wants to know what home price he can afford. His annual gross income is $70.800. He has no other debt expenses and expects property taxes and insurance to cost $420 per month. He knows he can get a 9.50 percent, 15-year mortgage so his mortgage payment factor is 10.44 . He expects to make a 15 percent down payment. What is Andre's affordable home purchase price? Note: Do not round intermediate calculations and round your final answer to the nearest $100. Multiple Choice $151,500 $193.000 $172,100
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