Assume you have been working at your first job since, Financial Management

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Assume you have been working at your first job since

Assume you have been working at your first job since college for five years. You now wish to buy a house instead of continuing to rent. You can only afford a monthly payment of $1,250. Assuming a 30-year mortgage, and an interest rate of 5.50%, how large of a loan can you take out?

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Financial Management: Assume you have been working at your first job since

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