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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?
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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?

User Djna
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1 Answer

7 votes

Answer:

The answer is $139,711.

User MicRum
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