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Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borro…

Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borro…
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Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borrow? A. $136,000 B. $137,653 C. $136,280 D. $139,711

User Evik Ghazarian
by
9.3k points

2 Answers

1 vote

Answer:

$139,711 is correct

User Evgeny Kharitonov
by
8.0k points
7 votes

Answer:

139,711

Explanation:

Apex

User Humty
by
7.8k points
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