Katherine and ryan want to purchase house and feel that, Financial Management

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Katherine and ryan want to purchase house and feel that

Katherine and Ryan want to purchase a new house and feel that they can afford a mortgage payment of $600 a month for 25 years. They are able to obtain a 4% mortgage (compounded monthly), but must put down 10% of the mortgage value of the house now. Assuming that they have enough savings for the down payment, how expensive of a house can they afford? They can afford a $ house.

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