Roger can afford a $1200 monthly mortgage payment. If the current mortgage rates are 5% and he wants a 30-year mortgage, what is the maximum amount he can afford to borrow

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jul 15, 2018 161k views

4 votes

Roger can afford a $1200 monthly mortgage payment. If the current mortgage rates are 5% and he wants a 30-year mortgage, what is the maximum amount he can afford to borrow

Mathematics
high-school

Hamed Nazaktabar asked

by Hamed Nazaktabar

6.0k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

5 votes

Answer:

APEX $223,537

Sid Go answered Jul 15, 2018

by Sid Go

5.8k points

0 Comments

Please log in or register to add a comment.

3 votes

Answer:

I’m gonna say it’s $223,537

Explanation:

Matt Shepherd answered Jul 19, 2018

by Matt Shepherd

6.1k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

8.9m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions