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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asked May 27, 2017 148k views

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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?

Mathematics
high-school

Djna asked

by Djna

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1 Answer

7 votes

Answer:

The answer is $139,711.

MicRum answered Jun 2, 2017

by MicRum

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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

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asked Mar 15, 2023 144k views

Marc has a total of $750 in his account. Every week he withdraws $50 to pay for his weekly expenses. After how many week will he have at least $250?750 - 50w 250750 + 50w >250750 + 50w ≤ 250750 - 50w ≥

Ruthie asked Mar 15, 2023

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