What is the most expensive house maria can afford, Microeconomics

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What is the most expensive house maria can afford

Problem

A young engineer wishes to buy a house, but she can only afford monthly payments of $500. Thirty-year loans are available at 12% interest with monthly payments. If she can make a $5000 down payment, what is the most expensive house Maria can afford?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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