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The current annual interest rate is 5 percent, and you are taking out a 20-year loan with a monthly end-of-month payment. If you can afford monthly payments of $3000 per month, what is the most you can
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The current annual interest rate is 5 percent, and you are taking out a 20-year loan with a monthly end-of-month payment. If you can afford monthly payments of $3000 per month, what is the most you can borrow?

User AccAscrub
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5 votes

Answer:

720k.

Step-by-step explanation:

User Roshonda
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