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You want to buy a house financed with a 30-year fixed-rate mortgage. The best monthly...

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Accounting

You want to buy a house financed with a 30-year fixed-rate mortgage. The best monthly interest rate you could find is 1.1%.
Attempt 1/5 for 8 pts.
Part 1
What is the most you can borrow if you can only afford to pay $1,300 per month?

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