Final answer:
Jamie Lee's maximum affordable monthly payment is $296. This is the explicit figure provided in the question, indicating the upper limit of what Jamie Lee is willing to pay monthly.
Step-by-step explanation:
The maximum affordable monthly payment for Jamie Lee is $296 per month. This is directly stated in the question, where it is mentioned that Jamie Lee does not want to pay more than $296/month and is unwilling to do so.
If we consider Joanna's situation for context in a similar scenario, we find that Joanna can afford $12,000 a year for a house loan with a 4.2% annual interest rate over 30 years. Utilizing the present value formula for an annuity, we could calculate the maximum loan amount she could afford. However, this is not directly applicable to Jamie Lee's query but provides an example of how to approach such problems.
In conclusion, without any further information about interest rates or loan duration for Jamie Lee, we can only affirm the maximum affordable monthly payment, which is $296.