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If this is the highest payment you can afford and dont have

Compute the face value of a 30-year, fixed-rate mortgage with a monthly payment of $1,100, assuming a nominal interest rate of 9%. If this is the highest payment you can afford and don't have much to put down and the mortgage requires 5% down, what is maximum house price that you can afford?

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Accounting Basics: If this is the highest payment you can afford and dont have

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